Sands China 1Q Profit Falls to US$344.6 Mln on Lower Revenues

Casino operator Sands China Ltd. said Monday its first-quarter net profit dropped to US$344.6 million from US$751.6 million a year ago, amid revenue declines across the board for the casinos it operates. (published 0445 GMT)

 
 
Macau's Gambling Revenue Continues to Tumble

Macau's gambling revenue fell 39% from a year earlier to 19.17 billion patacas in April as China's crackdown on corruption continued to hit business in the world's casino capital. (published 0552 GMT)

 
 
Australia's Myob Makes Strong Share Market Debut

Australia's biggest initial public offering so far this year got off to a flying start, with shares in accounting software provider Myob Group Ltd. debuting at a 7% premium to their offer price. (published 0212 GMT)

 
 
Puradelta Lestari to Raise up to US$292 Mln in Indonesia IPO - Term Sheet

PT Puradelta Lestari Tbk, the Indonesian industrial property unit of Singapore-listed Sinarmas Land Ltd., is seeking to raise up to US$292 million in an initial public offering in Indonesia. (published 0310 GMT)

 
 
Link Reit Says Initial Pact to Buy 80% Stake in Shenzhen Shopping Mall Expired

The Link Real Estate Investment Trust said an initial pact to buy a major stake in a shopping mall in China's southern city of Shenzhen has expired. (published 0147 GMT)

 
 
Chinasoft Failed to Meet Debt Requirement After Hony Capital's Disposal

Chinasoft International Ltd. said it failed to meet a requirement of its debt covenants after its largest shareholder sold down its entire stake in the Hong Kong-listed company. (published 0046 GMT)

 
 
SM Prime 1Q Net Profit PHP12.6 Bln Vs PHP7.4 Bln Year Earlier

SM Prime Holdings Inc., a Philippine property-development group, said Monday its first-quarter net profit surged to 12.6 billion pesos from 7.4 billion pesos a year earlier, aided by one-off gains and double-digit growth in rental income from its shopping malls. (published 0441 GMT)

 
 
Philippine Airlines Swings to Net Profit in 1Q

Philippine Airlines Inc., the airline unit of PAL Holdings Inc., said Monday it swung to a net profit of $85 million in the first quarter from a net loss of $20.7 million in the year-earlier period. (published 0556 GMT)

 
 
Prosperity International Raising up to HK$171.36 Million via Share Placement

Prosperity International Holdings Ltd. has agreed to raise up to 171.36 Hong Kong dollars via a share placement. (published 0053 GMT)

 
 
WorleyParsons Cuts Staff, Flags One-Off Charges

WorleyParsons Ltd. said it would incur a one-off charge of 125 million Australian dollars this fiscal year and that it planned to ax thousands of workers, as demand for its engineering-and-consulting services shrinks. (published 0047 GMT)

 
 
MMA Offshore Warns on Profits as Low Oil Price Bites

MMA Offshore Ltd., which supplies support vessels for oil and gas producers, issued a profit warning Monday as falling oil prices continue to inflict pain across the energy industry. (published 0009 GMT)