Financial Performance - For the year ended March 31, 2019, revenue decreased by 7.8% to HK$1,381,335,000 compared to HK$1,498,351,000 in 2018[6] - Gross profit for the same period fell by 12.6% to HK$838,191,000 from HK$958,923,000[6] - Profit attributable to owners of the Company decreased by 6.6% to HK$367,492,000, down from HK$393,574,000 in the previous year[6] - Basic earnings per share declined by 3.3% to HK$0.29 from HK$0.30[6] - Total dividends per share slightly decreased by 1.2% to HK$0.082 from HK$0.083[6] - Revenue declined by 7.8% to HK$1,381.3 million compared to HK$1,498.4 million in 2018[13] - Profit attributable to owners decreased by 6.6% to HK$367.5 million from HK$393.6 million in 2018[13] - Basic earnings per share were HK$0.29, down from HK$0.30 in 2018[13] - Total dividends per share for the year were HK$0.082, slightly down from HK$0.083 in 2018[13] Gaming and Tourism - The number of inbound visitors to Macau increased by 13.0% to 37.6 million during the year[11] - Macau's gross gaming revenue rose by 8.5% to MOP302.5 billion, compared to double-digit growth in the previous financial year[12] - The development of Cotai casino resorts has started to mature, impacting the growth of the gaming market[12] - The global economic environment remains volatile, affecting capital flows from mainland China[12] - The Group's gaming revenue decreased slightly to HK$1,136.8 million, down from HK$1,253.4 million in the previous year, reflecting a decline of approximately 9.3%[31] - Revenue from the gaming concourse was HK$664.8 million, accounting for 48.1% of the Group's total revenue, a slight decrease from 48.3% in the previous year[31] - The VIP room generated revenue of HK$429.4 million, representing 31.1% of total revenue, down from 32.8% the previous year[33] - Slot machine revenue increased to HK$42.6 million, accounting for 3.1% of total revenue, up from 2.6% in the previous year[33] - Hotel revenue slightly decreased by 0.2% to HK$244.5 million, accounting for 17.7% of total revenue, an increase from 16.3% the previous year[33] - Approximately 70% of Macau's tourists originate from mainland China, indicating a strong reliance on this market[35] - The operation of the Hong Kong-Zhuhai-Macao Bridge and the promotion of the Greater Bay Area are expected to boost Macau tourism[35] Corporate Strategy and Outlook - The Group aims to expand its share of the premium mass market, which is seen as having long-term potential[36] - The Group is optimistic about the long-term outlook for Macau's gaming market despite short-term global economic volatility and political tensions[35] - The Group plans to enhance competitiveness by offering differentiated, premium services to targeted customer segments[36] - The Group is committed to contributing to Macau's development as a global gaming hub[36] Shareholder and Dividend Information - The Group paid an interim dividend of HK$0.028 per share for the Year, totaling approximately HK$35,871,000, compared to HK$0.026 per share and HK$33,866,000 in the previous year[55] - The Directors recommended a final dividend of HK$0.054 per share for the Year, down from HK$0.057 per share in 2018, subject to shareholder approval[55] - The total dividends paid during the Year amounted to HK$35,871,000, reflecting a year-on-year increase from HK$33,866,000[55] Corporate Governance - The Company has maintained its commitment to corporate governance through the establishment of various committees, including the Audit Committee and Remuneration Committee[55] - The Company confirmed the independence of all independent non-executive directors as per the Listing Rules[95] - The Board consists of six directors, including one non-executive director, two executive directors, and three independent non-executive directors, ensuring a balance of power[137] - The Chairperson has been leading the Board since 2000, ensuring effective governance and timely information dissemination[138] - The Company has arranged appropriate insurance coverage for legal actions against Directors[157] Internal Control and Risk Management - The Board is responsible for ensuring the establishment and maintenance of appropriate and effective internal control systems to manage risks rather than eliminate them[198] - Internal control measures cover operational, financial, and compliance controls, ensuring the completeness, accuracy, and validity of financial records and reports[199] - The Group's internal control policies and procedures are regularly updated to provide guidance on risk management and internal control systems[199] - The Audit Committee oversees the internal control systems and ensures that management performs its duties effectively[200] - The internal control systems aim to safeguard assets and promote adherence to policies, procedures, regulations, and laws[198] - The Group's risk management strategies are formulated based on the nature and extent of significant risks the Company is willing to take[200] Employment and Staff Information - As of March 31, 2019, the Group employed 1,143 staff, a decrease from 1,164 in 2018[37] - Total staff costs for the year amounted to HK$451.7 million, up from HK$441.8 million in 2018, reflecting a year-on-year increase of approximately 2.0%[37] - The share option scheme has been adopted to provide incentives or rewards to staff[38] - Employee remuneration includes basic salary, housing allowances, and discretionary bonuses linked to financial performance[67] Acquisitions and Investments - The Group completed acquisitions increasing its shareholding in Luck United to 80% for a total consideration of HK$615.0 million[27] - The Group invested in high-yield listed corporate bonds with a carrying value of HK$468.8 million as of March 31, 2019, up from HK$423.1 million in 2018[14] - The Group acquired property, plant, and equipment at a cost of HK$75,305,000 during the year[57] Share Repurchase and Capital Structure - The company repurchased a total of 43,720,000 shares at an aggregate consideration of HK$72,377,000 during the year[96] - The share repurchases aimed to enhance the net asset value and/or earnings per share[99] - As of March 31, 2019, the total number of shares in issue was 1,258,825,983, down from 1,302,545,983 in 2018[100]
英皇娱乐酒店(00296) - 2019 - 年度财报