Core Viewpoint - SJM Holdings Limited (新濠国际发展) reported a significant increase in net revenue and a return to profitability for the six months ending June 30, 2025, driven by improved performance in its gaming and hotel operations [1] Financial Performance - The company achieved a net revenue of HKD 19.965 billion, representing a year-on-year increase of 12.38% [1] - The profit attributable to shareholders was HKD 351 million, marking a turnaround from a loss to profitability [1] - Basic earnings per share were HKD 0.18 [1] Operational Insights - The improvement in profitability was primarily attributed to enhanced performance in gaming and non-gaming operations, although increased business activity led to higher operating costs, partially offsetting gains [1] - The company recognized an impairment of HKD 27.3 million related to the Mocha casinos, which are set to cease operations by the end of 2025 [1] - An additional impairment of HKD 5 million was recorded for certain properties, plants, and equipment due to the lack of improvement in the performance of the new SJM casino [1]

Core Viewpoint - Suncity Group International Holdings Limited reported a net income of HKD 19.965 billion for the six months ending June 30, 2025, representing a year-on-year increase of 12.38% [1] - The company achieved a profit attributable to owners of HKD 351 million, marking a turnaround from a loss [1] - Basic earnings per share were HKD 0.18 [1] Financial Performance - The increase in net income was primarily driven by improved performance in both gaming and non-gaming operations [1] - The profit turnaround was mainly attributed to enhanced operations in the entertainment and hotel sectors, although rising operational costs partially offset these gains [1] Impairment and Valuation - The company recognized an impairment of HKD 27.3 million related to the Mocha casinos, which are set to cease operations by the end of 2025 [1] - Additionally, an impairment of HKD 5 million was recorded for certain properties, plants, and equipment due to the lack of improvement in the performance of the Suncity Group's properties [1]

Core Viewpoint - The company reported a net income of HKD 19.965 billion for the six months ending June 30, 2025, representing a year-on-year increase of 12.38% [1] - The profit attributable to shareholders turned positive at HKD 351 million, compared to a loss in the previous period [1] - Basic earnings per share were HKD 0.18 [1] Financial Performance - The increase in net income was primarily driven by improved performance in both gaming and non-gaming operations [1] - The company experienced a rise in operating costs due to increased business activities, which partially offset the gains from improved performance [1] Impairment and Valuation - The company recognized an impairment of HKD 27.3 million related to the Mocha casinos, which are set to cease operations by the end of 2025 [1] - Additionally, an impairment of HKD 5 million was recorded for certain properties, plants, and equipment due to the lack of improvement in the performance of the new casino [1]