SJM Holdings 2012 results up 27 percent

SJM Holdings Ltd yesterday announced that its annual net profit increased 27.1 percent last year, thanks to its leading share in the Macau gaming market. In a filing to the Hong Kong Stock Exchange, the gaming operator, said its net profit rose to a record HK$6.75 billion (US$870 million) for 2012. Meanwhile, the company announced a final dividend of HK$0.50 per share and a special dividend of HK$0.30, higher by 16.3 percent and 36.4 percent respectively than a year before. Gaming revenue rose by 4.5 percent to HK$78.88 billion, while its earnings before interest, taxes, depreciation and amortisation (EBITDA) grew 10.1 percent to HK$7.63 billion. The company said it maintained its lead in the market with an overall share of 26.7 percent in 2012. “We remain very optimistic about the future growth of our business and of Macau," chief executive Ambrose So Shu Fai said in a company statement.