Aug 25, 2017 Newsdesk Latest News, Rest of Asia  
Hong Kong-listed real estate and casino investor Landing International Development Ltd said on Thursday it expects a net profit for the six months to June 30, compared to a loss in the prior-year period. The company had said just a week ago that it expected a lower loss for the first half of 2017.
Landing International said in Thursday’s filing that the expected turnaround of the group’s performance was mainly attributable to: an increase in segment profit from property development thanks to revenue booked from real estate sales; a gain linked to adjustment in fair value of financial assets; a gain linked to adjustment in fair value regarding investment properties; and a reversal of impairment for other receivables.
The company had reported an overall loss of HKD526.5 million (US$67.3 million) in the first half of calendar year 2016, attributing much of it to costs associated with developing a new casino resort complex in Jeju, South Korea. The project had a first-phase launch in April this year.
Apr 25, 2024
Apr 24, 2024
Apr 26, 2024
Apr 25, 2024
Apr 26, 2024
Australia-based slot-machine maker and game-content provider Aristocrat Leisure Ltd is launching a new unit dedicated to online real money gaming (RMG) operations. The move comes as Aristocrat...(Click here for more)
"The travel demand for May Golden Week looks solid to us, which means good foot traffic in Macau"
Jeffrey Kiang
Analyst at brokerage CLSA