sands china ltd (SCHYF) Key Developments
Sands China Ltd. Announces Earnings Results for the Second Quarter Ended June 30, 2015
Jul 22 15
Sands China Ltd. announced earnings results for the second quarter ended June 30, 2015. On a US GAAP basis, total net revenues for the company decreased 25.6% to $1.77 billion in the second quarter of 2015, compared to $2.38 billion in the second quarter of 2014. Adjusted property EBITDA decreased 29.5% to $564.5 million in the second quarter of 2015, compared to $800.6 million in the second quarter of 2014. Net income decreased 37.3% to $388.7 million in the second quarter of 2015, compared to $620.2 million in the second quarter of 2014.
Sands China Ltd. Approves Final Dividend for the Year Ended December 31, 2014
Jun 17 15
Sands China Ltd. announced that at the AGM held on June 17, 2015, approved declaration of final dividend of HKD 1.00 per share for the year ended December 31, 2014.
Steven Jacobs Lawsuit Against Sands China to Proceed in Nevada
May 22 15
A Nevada judge announced that a wrongful termination lawsuit the former CEO of Sands China Ltd. filed against the Sands China Ltd., and Sands chairman Sheldon Adelson can proceed in Nevada. Judge Elizabeth Gonzalez issued her ruling after hearing days of testimony to determine if Nevada has jurisdiction over the case. The lawsuit from Steven Jacobs accuses Sands China Ltd., Las Vegas Sands Corp. and Adelson of a host of misdeeds.
Plaza Macao Reports Unaudited Earnings and Operating Results for the First Quarter Ended March 31, 2015
May 4 15
Plaza Macao reported unaudited earnings and operating results for the first quarter ended March 31, 2015. For the quarter, the company reported net revenues of USD 160.8 million against USD 368.9 million a year ago. Adjusted EBITDA was USD 44.5 million compared to USD 113 million a year ago. Operating profit was USD 31 million compared to USD 100.3 million a year ago.
For the quarter, the company reported revenue per available room of USD 316 against USD 373 a year ago. Occupancy was 77% against 87.1% a year ago. Average daily rate was USD 410 against USD 429 a year ago.
Sands China Ltd. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015
May 4 15
Sands China Ltd. reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported operating profit of USD 349,183,000 against USD 786,209,000 a year ago. Profit before income tax was USD 339,384,000 compared to USD 752,969,000 a year ago. Profit attributable to equity holders of the company was USD 344,571,000 or 4.27 cents per basic and diluted share compared to USD 751,640,000 or 9.31 cents per diluted share a year ago.