Monday, September 5, 2016

Junket investor’s profit falls but sticking to its Cambodia bets

5 September 2016

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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