Summary by Moomoo AI
Sands China Ltd ("Sands China") announced its controlling shareholder Las Vegas Sands Corp. ("LVS")'s financial performance for the third fiscal quarter ending on September 30, 2024. LVS is listed on the New York Stock Exchange in the usa and holds about 71% equity interest in Sands China. Sands China's net profit for the third quarter decreased by 1.0% from the same period last year to $1,770,000,000, net income was $268,000,000, an increase from $231,000,000 for the same period last year. Adjusted property EBITDA was $585,000,000, lower than the $631,000,000 for the same period last year. Sands China also completed a share purchase trade in October 2024, increasing LVS's ownership percentage to 71.31%. In addition, Sands China entered into a new financing agreement on October 23, 2024, providing unsecured revolving credit and term loan financing totaling approximately $4,180,000,000. The company stated that with capital investment projects in Macau and Singapore markets, they look forward to growth opportunities in the coming years. Sands China's financial performance is prepared in accordance with US Generally Accepted Accounting Principles and differs from International Financial Reporting Standards.