Galaxy Entertainment Reports Higher Profit, Revenue for 2024

WSJ00:18 ET

Galaxy Entertainment: Continue to Evaluate Development Opportunities in Greater Bay Area and Overseas>0027.HK

Dow Jones23:34 ET

Correct: Galaxy Entertainment 2024 Rev HK$43.43B Vs. HK$35.68B, Not 4Q >0027.HK

Dow Jones23:22 ET

GALAXY ENT (00027.HK) reported a 28% increase in net profit for 2024 to 8.8 billion Hong Kong dollars, with a final dividend of 0.5 Hong Kong dollars per share.

Gelonghui reported on February 27 that GALAXY ENT (00027.HK) announced its annual results. For the fiscal year 2024, the group's net revenue was 43.4 billion HKD, an increase of 22% year-on-year; adjusted EBITDA for the year was 12.2 billion HKD, up 22% year-on-year; profit attributable to shareholders was 8.8 billion HKD, an increase of 28% year-on-year. The Board of Directors of GALAXY ENT proposed a final dividend of 0.50 HKD per share, to be distributed around June 2025. In the fourth quarter, the group's net revenue was 11.3 billion HKD, an increase of 9% year-on-year, and up 6% quarter-on-quarter; the group's adjusted EBITDA for the fourth quarter was 3.2 billion HKD, year-on-year.

Gelonghui Finance23:17 ET

Express News | Galaxy Entertainment - ‍Recommends Final Dividend of HK$0.50 per Share​

Reuters23:09 ET

Express News | Galaxy Entertainment Group FY Revenue HKD 43,400 Million

Reuters23:09 ET