Macau casino investor Success Universe Group Limited has posted a loss attributable to the owners of the company of HK$141
Macau gambling casino investor Success Universe Group Limited has posted a red ink attributable to the owners of the companion of HK$141.9m (US$18.3m) inward 2020, compared to a gain of HK$74.2m for the prior-year period.
Success Universe and other associates of Pier 16 - Property Development, the operating entity of Ponte 16 - the group’s flagship investiture externalize - shared losses of HK$145.7m inward 2020, compared to a shared profit of HK$116.8m inward 2019.
The aggroup owns a 49% post inward Pier 1 - Property Development, with SJM - Investment Limited, a subsidiary of Sociedade de Jogos de Macau, S.A. (SJM), holding 51%.
Revenue in the meantime for the twelvemonth ended 31 Dec 2020 was HK$363.8m, a 68% slump from the prior-year period.
“It is too early to tell when the pandemic would follow over at the instant and the influences testament definitely lastly for a sure period,” said Success Universe Group Limited chairman Yeung Hoi Sing, Sonny.
“The recovery step testament depend intemperately on the phylogeny of Covid-19 and the developing of the vaccines. The group testament persist in to monitoring device the situation, proactively go over its investment funds portfolio, count other investiture tools when and as appropriate, and seek opportunities from challenges, in rules of order to make sustainable economic value for its shareholders, partners and customers.”