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RSS FeedsMGM China Reports 2017 First Quarter Financial Data
(WorldNews China)

 
 

27 april 2017 16:44:27

 
MGM China Reports 2017 First Quarter Financial Data
(WorldNews China)
 


Adjusted EBITDA Increased 23% Year over Year HONG KONG, April 27, 2017/PRNewswire / -- MGM China Holdings Limited (`MGM China` or the `Company`;SEHK Stock Code: 2282) today announced the selected unaudited financial data of the Company and its subsidiaries (the `Group`) for the three months ended March 31, 2017. In the first quarter, MGM China recorded total revenue of HK$3.9 billion, an increase of 7% from the same quarter last year. Adjusted EBITDA was up by 23% from a year ago to HK$1.2 billion. Property EBITDA margin for the quarter grew 412 basis points year on year to 31.4%. Mass business accounted for over 80% of the profit for the Group during the...


 
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