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 is a senior finance journalist and presents bulletins including the Market Outlook, Market at Midday and Market Wrap. She also interviews ASX CEOs and leading fund managers. She joined FNN in January 2017 with over six years of broadcast journalism experience including with Sky News Business, ABC 1, ABC's The Business and ABC24. She’s also worked as a TV reporter for Prime 7 and WIN News. Jessica has worked in financial planning for over six years with leading wealth managers and in real estate.