Date
20 October 2017

Galaxy Entertainment 3Q EBITDA up 24%, filing says

Macau casino operator Galaxy Entertainment Group Ltd. (00027.HK) posted a 24 percent year-on-year increase in adjusted third-quarter earnings before interest, taxes, depreciation and amortization (EBITDA) to HK$3.2 billion (US$412.82 million), according to a filing to the stock exchange Thursday. Its quarterly revenue rose by 16 percent to HK$16.3 billion. The adjusted EBITDA increased 22 percent year on year to HK$11.5 billion in the 12 months ended Sept 30. As of Sept. 30, Galaxy had HK$14.4 billion in cash on hand and HK$7.7 billion in net cash, it said.

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