MGM China Logs Higher Profit, Revenue in 2024; Shares Slide 5%

MT Newswires Live

2025/03/21

MGM China's (HKG:2282) attributable profit rose to HK$4.60 billion in 2024 from HK$2.64 billion in 2023, according to a Thursday filing with the Hong Kong bourse.

Earnings per share at the casino operator increased to HK$1.206 from HK$0.692 a year earlier. Analysts at Visible Alpha estimated EPS at HK$1.24.

Operating revenue grew to HK$31.4 billion from HK$24.7 billion in the previous year. Visible Alpha analysts forecast revenue at HK$30.8 billion.

The company declared a final dividend of HK$0.251 per share, payable June 12 to shareholders on record as of June 3.

Shares slid 5% during Friday's late morning trading.

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