Jimei International Entertainment Group, a Hong
Kong-listed casino junket investor reported a steep decline in profit during
the first half of 2016 despite increased turnover. The company’s net profit
plummeted to HKD28.6 million ($3.7 million) during the first six months of the
year, down by 46 per cent compared to the same period a year earlier.
Meanwhile, revenue rose to HKD132.7 million ($17.1 million) during the first
half, an 18 per cent year-on-year increase.
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