The Star Entertainment Group half-year profit slide

Company News

by Jessica Amir

One of Australia’s largest casino operators, The Star Entertainment Group (ASX:SGR) has reported a 77 per cent dive in profits in the six months to December to $33 million.

The drop has been attributed to lower win rates in its ‘international VIP’ division and debt restructuring costs.

Its earnings before interest and tax (EBIT) fell 34 percent to $200 million.

The company declared total an interim dividend of 7.5 cents per share, fully franked.

Its shares (ASX:SGR) are trading 6.03 per cent lower at $5.69

Jessica Amir

Finance News Network
Jessica joined FNN in January 2017 with a passion for equities and funds management. As Head of News, she has been a broadcast journalist for over seven years, specialising in finance. She has been a journalist with Sky News Business, ABC 1, ABC's The Business and ABC24. She’s also worked as a TV reporter for regional Channel 7 and 9. She also previously worked as a financial planner and real estate agent.