HK Stock Market Move | Sands China (01928) rises more than 3% after performance, with a shareholder profit of $1.045 billion in 2024, a year-on-year increase of 51.01%.

Sands China (01928) rose more than 3% after its performance announcement, reaching 3.26% by the time of publication, at HK$17.74, with a trading volume of HK$69.795 million. On the news front, on February 21st, SANDS CHINA LTD released its annual results ending on December 31, 2024, with a net profit of $7.08 billion, an increase of 8.36% year-on-year; shareholder profit amounted to $1.045 billion, an increase of 51.01% year-on-year; basic earnings per share were $0.1291. The announcement stated that the company's net income from gaming operations during the reporting period was $5.35 billion, an increase of 10.4% compared to the same period last year's $4.84 billion. The increase was mainly driven by an increase in table game and slot machine revenue due to an increase in visitor volume at various properties, partially offset by decreases in VIP rolling chip volume and slot machine win rates.