Galaxy Entertainment Group Limited : Announcement on certain selected unaudited key performance indicators for the first quarter ended 31 March 2011 (China)
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Galaxy Entertainment Group Limited : Announcement on certain selected unaudited key performance indicators for the first quarter ended 31 March 2011 (China)
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Category: Asia Pacific - China - Industry economy -
Figures / Studies
This is a press release selected by our editorial committee and published online for free on 2011-04-20
The Board of Directors of Galaxy Entertainment Group Limited (“GEG”) is pleased to announce certain
selected unaudited key performance indicators of GEG and its subsidiaries (collectively referred to as
the “Group”) for the first quarter ended 31 March 2011 as follows:
Highlights
GEG:
Group EBITDA of HK$712 million in Q1, up 71% year-on-year, up 14% over Q4 2010
TENTH consecutive quarter of Group EBITDA growth
Latest twelve month Group EBITDA through March 2011 nearly doubled to HK$2.5
billion over prior year
StarWorld:
EBITDA of HK$664 million in Q1, up 80% year-on-year, up 14% over Q4 2010
ELEVENTH consecutive quarter of EBITDA growth
Latest twelve month StarWorld EBITDA through March 2011 more than doubled to
HK$2.3 billion over prior year
Continuously improving ROI* of 69% in Q1
Galaxy Macau™: On Schedule and on Budget for Grand Opening on 15 May 2011
Opening with 1,400 hotel rooms and suites, 50 plus food and beverage outlets, 30 retail
shops, the 52,000 square metre Grand Resort Deck, 450 tables and 1,100 slot machines
The new HK$600 million entertainment offering remains on budget and on schedule to
open by the end of September 2011, increasing total investment to HK$15.5 billion
Remaining 800 hotel rooms and suites are expected to open by the end of 2011
Balance Sheet and Financing Highlights:
Remains liquid with total cash on hand of HK$4.2 billion as of 31 March 2011
In Q1 2011, all of the HK$1.3 billion convertible notes converted into 173 million common
shares, further strengthening the balance sheet and increasing the free-float of shares
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