Sands China Advances to Record on Profit Gain: Hong Kong Mover
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Sands China Ltd., controlled by billionaire Sheldon Adelson’s Las Vegas Sands Corp., advanced to a record in Hong Kong trading after Chinese gamblers helped drive a 44 percent increase in profit for the casino operator.
Fourth-quarter net income rose to $306.7 million from $213.3 million a year earlier, bringing its profit for the year to $1.13 billion. The annual profit was higher than the $1.07 billion mean estimate of 14 analysts surveyed by Bloomberg.