Investment holding company Kingston Financial Group Limited, which also runs a hotel and gaming business in Macau, issued a positive profit alert last week, claiming the annual net profit for its fiscal year ended March 31 may post a ‘significant increase’. The company said in a filing with the Hong Kong Stock Exchange that the estimated substantial increase in its annual net profit is attributable to its rising income from securities brokerage, underwriting and placements, margin and IPO financing business. In fact, according to the Group’s interim report last November, its interim profits had surged by 70 per cent year-on-year to HK$579.1 million (US$72.1 million) as at September 2014, of which some HK$133.5 million was gained from its hotel operations at Casa Real Hotel and Grandview Hotel in Macau. The then-filing of Kingston Financial indicated it had a total of 58 gaming tables in two mass market halls, another 13 gaming tables in two self-managed VIP rooms, 224 slot machines, and 140 live baccarat machines in two electronic gaming halls, all operated under the gaming licence of Sociedade de Jogos de Macau SA (SJM). K.L.
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