Summary by Moomoo AI
In the first half of 2024, Sands China Ltd. recorded significant growth with adjusted property EBITDA reaching $1.171 billion, an increase of 24.7% compared to the same period last year. Net income amounted to $3.551 billion, a year-on-year increase of 22.7%. The company's profit also increased significantly from $0.175 billion to $0.541 billion, a growth rate of 209.1%, compared to the same period last year. In addition, the company continues to advance the Londoner Macao Phase 2 project, with a projected total cost of $1.2 billion and plans to complete it in early 2025. The Board of Directors has not recommended the distribution of interim dividends. As of June 30, 2024, the company's capital expenditure was $0.218 billion, primarily for the development projects of the Londoner Macao.
