High-rollers boost The Star’s revenue

Company News

by Rachael Jones

The Star Entertainment Group (ASX:SGR) has reported its normalized net profit after tax (NPAT) rose 20.3 per cent on last year to $258 million.

In more good news for company, its revenue strengthened over the 2017 financial year, and lifted 15.3 per cent to $2.76 billion.

Its EBITDA increased 14.2 per cent on the prior year, to $588 million.

Foreign highrollers and VIPS returned to Australian casinos keeping their figures high.

A 13 cps fully franked final dividend is offered - up 53 per cent on prior corresponding period.

Shares in the Star Entertainment Group (ASX:SGR) are trading 5.8 per cent higher at $5.29.

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.