Wynn Macau: 4Q Net Profit US$139.7 Million, Down 49%
04 February 2015 - 12:08PM
Dow Jones News
By Chester Yung
Casino operator Wynn Macau Ltd. (1128.HK), a unit of Wynn
Resorts Ltd. (WYNN), Wednesday reported a 49% decline in net profit
for the October-December quarter, dragged by the falling revenue
amid a corruption crackdown in China.
Net profit for the three months ended December fell to US$139.7
million from US$275.9 million a year earlier, while net revenue
dropped 32% to US$761.2 million from US$1.12 billion a year
earlier, the company said.
The adjusted property earnings before interest, taxes,
depreciation and amortization or EBITDA in the fourth quarter was
US$241.2 million, down 36% from US$374.2 million a year earlier,
the company said.
Write to Chester Yung at chester.yung@wsj.com
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