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<Blue Chip Results>SANDS CHINA LTD 4Q23 Net Income US$288M, Adj. Property EBITDA US$650M
SANDS CHINA LTD (01928.HK) reported that during 4Q ended December 2023, it logged a net income of US$288 million on a US GAAP basis, compared to a net loss of US$348 million for th...
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<Blue Chip Results>SANDS CHINA LTD 4Q23 Net Income US$288M, Adj. Property EBITDA US$650M
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SANDS CHINA LTD (01928.HK)  -0.020 (-0.105%)    Short selling $18.82M; Ratio 16.635%   reported that during 4Q ended December 2023, it logged a net income of US$288 million on a US GAAP basis, compared to a net loss of US$348 million for the same period in 2022. Adjusted property EBITDA was US$654 million, compared to an Adjusted property EBITDA loss of US$51 million for the same period in 2022. Total net income rocketed 323% YoY to US$1.86 billion during the quarter.

Dividend History
Announce DateEventParticular
2023/08/11InterimNo Dividend
2023/02/17FinalNo Dividend
2022/08/12InterimNo Dividend
2022/02/18FinalNo Dividend

Net income for full-year 2023 was US$696 million, compared to a net loss of US$1.58 billion in 2022. Adjusted property EBITDA was US$2.22 billion, compared to an Adjusted property EBITDA loss of US$320 million in 2022. Total net income surged 307% YoY to US$6.53 billion for the year.

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Capital expenditures totalled US$325 million in 4Q23, including US$109 million for construction, development and maintenance activities in Macau.

Robert Goldstein, chairman and CEO of Las Vegas Sands, the controlling shareholder of Sands China, said the quarterly results were good. He said EBITDA for the quarter could have increased by US$40 million if the projected win rate for the rolling segment is achieved. Only a year after Covid closed in Macau, EBITDA has continued to grow from about US$400 million in 1Q23, and the expectation is that gaming and non-gaming revenues will both continue to grow, boosting the market as a whole.

Goldstein expected the gaming portion of the company's business to follow the same path as Singapore and accelerate this year.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-07-16 12:25.)

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