Summary by Moomoo AI
GOLD DOMAIN HOLDINGS (NAGACORP) ANNOUNCED ITS ANNUAL RESULTS FOR THE YEAR ENDED 31 DECEMBER 2023, WITH TOTAL BETTING REVENUES UP 15.5% YEAR-ON-YEAR TO $514,800,000 AND NET PROFIT INCREASING 65.7% TO $177,700,000. Basic earnings per share increased to 4.02 cents from 2.42 cents last year. THE COMPANY'S GROSS MARGIN IN THE MIDFIELD AND HIGH-END VIP MARKET WAS 84%, ACCOUNTING FOR 94% OF TOTAL GROSS PROFIT. High-end VIP Market Recode grew by 46.5%, and total betting revenue in the Referral VIP Market grew by 67.6%. EBITDA increased 20.3% year-over-year to $295,300,000 and EBITDA margin increased to 55.4%. The Company's cash and bank balances increased from $175,200,000 last year to $367,600,000 and net debt was approximately $103,400,000. The Board of Directors has not proposed a dividend at the end of the year.