SJM Holdings swung to a first-quarter net loss as Macau’s satellite-casino exit reshaped its revenue mix and market position.
SJM Holdings records HK$62 million net loss in Q1
Market share drops to 9.6% amid satellite-casino exit
EBITDA margin improves despite revenue decline
The operator said unaudited results showed a loss of HK$62 million (US$7.2 million) in the three months to March 31, compared with a HK$31 million (US$4 million) profit a year earlier.
