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MBS Q4 earnings surpass S$1 billion to set new record
['Elysia Tan']
The Business Times
Year on year, it brought the integrated resort and casino’s adjusted property Ebitda margin up 3.1 percentage points to 50.3 per cent.
MBS’ fourth-quarter revenue rose 41 per cent to US$1.6 billion from US$1.1 billion in the corresponding year-ago period.
The high hold on rolling play had a positive impact of US$45 million on MBS’ adjusted property Ebitda.
Adjusted Ebitda was up 52.4 per cent year on year at US$2.9 billion, from US$2.1 billion.
However, unlike that of MBS, the Macau operations’ adjusted property Ebitda margin slid 2.7 percentage points to 29.5 per cent.