Galaxy Entertainment Group (GXYEF.PK) reported robust first-half results, with net profit attributable to shareholders climbing 19% to HK$5.24 billion and group net revenue increasing 8% to HK$23.25 billion. Group Adjusted EBITDA also rose 14% year-on-year to HK$6.9 billion. This strong performance continued into the second quarter, where group net revenue grew 10% and Adjusted EBITDA increased 12%. Reflecting the improved financials, the company's Board announced a higher interim dividend of HK$0.70 per share, up from HK$0.50 last year.
Galaxy Entertainment Group Limited (GXYEF.PK) demonstrated robust financial performance in its first-half results, with net profit attributable to shareholders climbing 19% year-on-year to HK$5.24 billion. This bottom-line growth was supported by an 8% increase in group net revenue to HK$23.25 billion. Operational efficiency appears to have improved, as evidenced by the 14% year-on-year rise in Group Adjusted EBITDA to HK$6.9 billion, a growth rate that outpaced revenue. The positive momentum continued into the second quarter, where net revenue grew 10% year-on-year and 8% sequentially to HK$12.0 billion, accompanied by a 12% year-on-year increase in Adjusted EBITDA. Underscoring management's confidence in the company's financial health and outlook, the Board announced a significant 40% increase in the interim dividend to HK$0.70 per share, a tangible return of capital to shareholders.
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