Donaco International Ltd, an operator of a border casino in Cambodia and a border casino in Vietnam, says it recorded “slightly improved” results in the three months to December 31, the second quarter of the firm’s financial year.
The firm told the Australian Securities Exchange in a Friday filing that in the final three months of 2024, it recorded net revenue of AUD10.30 million (US$6.40 million), compared to AUD10.25 million in the prior quarter. Revenue was up from AUD9.73 million a year earlier.
Group-wide earnings before interest, taxation, depreciation and amortisation (EBITDA) stood at AUD5.77 million in the reporting period, up 4.0 percent sequentially, and a 14.0-percent increase from a year ago.
The company’s operating expenses were down both sequentially and in year-on-year terms, to AUD3.77 million in the three months to December 31.
At the group’s main operation, DNA Star Vegas resort at Poipet, on Cambodia’s border with Thailand, property EBITDA rose by 10.2 percent sequentially, and 16.9 percent year-on-year, to AUD4.22 million.
DNA Star Vegas reported net revenue of AUD6.57 million in the firm’s financial-year second quarter, versus AUD6.30 million in the September quarter. The property’s net revenue stood at AUD6.12 million in the comparable period a year earlier.
Donaco also runs the Aristo International Hotel (pictured in a file photo) at Lao Cai, in Vietnam, near that country’s border with China.
Aristo’s net revenue in the final three months of 2024 stood at AUD3.73 million, down 5.6 percent quarter-on-quarter, but up 3.3 percent from the prior-year period.
Property level EBITDA was down 8.3 percent sequentially, at AUD2.31 million. Aristo’s EBITDA was up 3.1 percent year-on-year.
Donaco’s non-executive chairman, Porntat Amatavivadhana, was cited as saying in the Friday announcement: “Donaco has reported another consecutive quarter of stable earnings and performance across the group, while continuing to implement operational synergies.”
He added: “The December quarter enabled Donaco to strengthen its cash position which now stands at AUD36.26 million, reflecting a 10-percent increase over the previous quarter.”
