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Galaxy Entertainment Group Q4 revenue up 254%

Updated:2024-03-25 13:39    Views:146

Galaxy Entertainment Group (GEG) has released its financial results for the fourth quarter of 2023, as well as the full year, showing significant growth, as recovery continues in the region. 

Overall results 

GEG’s Q4 revenue rose 254% year-on-year to HK$10.3bn (US$0.13bn), while full-year revenue also saw significant growth by 211% to HK$35.7bn. 

Adjusted EBITDA in Q4 was valued at HK$2.8bn compared with HK$(0.2)bn in the year prior, with full-year adjusted EBITDA sitting at $10bn in 2023 versus HK$(0.6)bn in 2022. 

Full-year NPAS increased from HK$(3.4)bn in 2022 to HK$6.8bn in 2023. 

Debt of the company as of 31 December 2023 was valued at HK$1.5bn. 

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