NAGACORP LTD. Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.
(Incorporated in the Cayman Islands with limited liability) Stock code: 3918
Gross Gaming Revenue increased by 26% to US$480.6 million
Gross profit increased by 20% to US$327.8 million
Earnings Before Interest, Tax, Depreciation and Amortization (EBITDA) increased by 30%
to US$228.5 million
Net profit increased by 27% to US$172.6 million
VIP rollings increased by 27% to US$7.9 billion
Mass Market table buy-ins increased by 18% to US$550.2 million
Mass Market electronic gaming machines bills-in increased by 16% to US$1.4 billion
Earnings per share of US cents 7.60 per Share
Proposed final dividend of US cents 1.89 per Share (or equivalent to HK cents 14.65 per
Share)
The board of directors (the "Board") of NagaCorp Ltd. (the "Company" and together with its subsidiaries, the "Group") is pleased to announce the consolidated financial results of the Group for the year ended 31 December 2015 (the "Year"). The financial information for the Year contained in this announcement was prepared based on the audited consolidated financial statements.
Having considered the Company's financial results, the Board has recommended the payment of a final dividend of US cents 1.89 per ordinary share of the Company (the "Shares") (or equivalent to HK cents 14.65 per Share) for the Year (the "Final Dividend"). The proposed Final Dividend and the interim dividend for the six months ended 30 June 2015, in the aggregate amount of US cents 4.56 per Share (or equivalent to HK cents 35.34 per Share) represent a dividend payout ratio of 60% based on the net profit generated for the Year. The Company will pay the Final Dividend on Tuesday, 10 May 2016.
Notes | 2015 US$'000 | 2014 US$'000 | |
Revenue | 2 | 503,655 | 404,298 |
Cost of sales | (175,844) | (131,604) | |
- -- -- --------- - --- ------- ---- | |||
Gross profit | 327,811 | 272,694 | |
Other income | 5,611 | 3,295 | |
Administrative expenses | (47,169) | (51,483) | |
Other operating expenses | (97,235) - --- ------- ---- | (82,545) - --- ------- ---- | |
Profit before taxation | 3 | 189,018 | 141,961 |
Income tax | 4 | (16,395) - --- ------- ---- | (5,875) - --- ------- ---- |
Profit attributable to owners of the Company | 172,623 = = = = = = | 136,086 ============= | |
Earnings per share (US cents) - basic and diluted | 6 | 7.60 = = = = = = | 5.96 ============= |
US$'000 US$'000
Items that may be reclassified subsequently to profit or loss
exchange adjustments (2,516) -
- --- --- ------- - --- ------- ---
Notes | 2015 US$'000 | 2014 US$'000 | |
Non-current assets | |||
Property, plant and equipment | 8 | 407,080 | 337,231 |
Interest in leasehold land held for own use under | |||
operating lease | 1,308 | 608 | |
Intangible assets | 9 | 69,748 | 73,295 |
Prepayments for construction | 10 | 47,003 | 13,732 |
Prepayments - non-current | 689 | 1,327 | |
Promissory notes | 11 | 6,885 | - |
-------- ------ | -------- ------ | ||
532,713 | 426,193 | ||
-------- ------ | -------- ------ | ||
Current assets | |||
Consumables | 1,177 | 1,292 | |
Trade and other receivables | 12 | 45,999 | 29,062 |
Investment in bonds | 13 | - | 25,809 |
Cash and cash equivalents | 14 | 143,081 | 178,238 |
-------- ------ | -------- ------ | ||
190,257 | 234,401 | ||
-------- ------ | -------- ------ | ||
Current liabilities | |||
Trade and other payables | 15 | 34,824 | 34,604 |
Current tax liability | 1,570 | 490 | |
-------- ------ | - ----------- | ||
36,394 | 35,094 | ||
-------- ------ | -------- ------ | ||
Net current assets | 153,863 | 199,307 | |
-------- ------ | -------- ------ | ||
NET ASSETS | 686,576 | 625,500 | |
=========== | =========== | ||
CAPITAL AND RESERVES | 16 | ||
Share capital | 28,375 | 28,526 | |
Treasury shares | - | (9,004) | |
Reserves | 658,201 | 605,978 | |
-- --- -- ------ | -------- ------ | ||
TOTAL EQUITY | 686,576 | 625,500 | |
= = = = = = | =========== |
Nagacorp Ltd. issued this content on 01 February 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 01 February 2016 14:41:10 UTC
Original Document: http://file.irasia.com/listco/hk/nagacorp/annual/2015/res.pdf
