[ET Net News Agency, 25 July 2019] The controlling shareholder of Sands China Ltd.
(01928) announced its results for the fiscal second quarter ended 30 June 2019.
For Sands China Ltd., on a US GAAP basis, total net revenues increased by 1.4%, compared
to the second quarter of 2018, to US$2.14 billion. Net income increased by 19.7% to US$511
million.
Depreciation and amortization expense was US$289 million in the second quarter of 2019,
compared to US$274 million in the second quarter of 2018. The increase relates to the
acceleration of depreciation expense for certain Sands Cotai Central assets as it is
converted into The Londoner Macao.
Capital expenditures during the second quarter totaled US$213 million, including
construction, development and maintenance activities of US$99 million in Macao. (RC)