Summary by Moomoo AI
Nagacorp (NAGACORP) announced its interim performance for the six months ended June 30, 2024. Gambling total revenue increased by 12.3% compared to the same period last year, reaching $283,400,000. Mid-term gambling revenue grew by 17.8%, and VIP market gambling revenue also saw a 2.3% increase. Gross profit (excluding gambling tax) increased by 14.0%, reaching $231,000,000. However, due to a non-cash impairment loss of $89,100,000 in the Vladivostok project, it resulted in a net loss of $1,000,000, compared to a net profit of $83,000,000 in the same period last year. Basic loss per share was 0.02 cents, while basic earnings per share in the same period last year were 1.88 cents. EBITDA was $55,500,000, a decrease of 61.3% compared to the same period last year. The company has repaid the outstanding promissory notes of $472,200,000 in July 2024. The board of directors does not recommend the distribution of interim dividends.