Summary by Moomoo AI
Sands China Ltd announced its interim results for the six months ending June 30, 2024, showing significant improvement in business performance. During this period, the group's adjusted property EBITDA reached $1.17 billion, a year-on-year increase of 24.7%; the total net income was $3.55 billion, an increase of 22.7%; and the profit increased significantly from $0.175 billion in the same period last year to $0.541 billion, a growth of 209.1%. The performance growth is mainly due to the recovery of Macau's tourism and travel industry and the increasing number of visitors from mainland China to Macau. In addition, the company continues to carry out the phase two development of the Londoner Macao project and is expected to be completed in early 2025. The board of directors did not propose any interim dividend. Sands China Ltd complies with all corporate governance guidelines and has not purchased, sold or redeemed any listed shares during the six months ending June 30, 2024.