In Macau and gaming machines specialist, Success Dragon International Holdings Limited, has advised investors that it is expecting its loss for the six months to the end of September to be narrower than that chalked up for the same period last year.
The Hong Kong-listed firm used an official Monday filing to declare that it had recorded a deficit of nearly $1.73 million for the comparable six-month cycle in 2018 but that it is now anticipating that this shortfall will have improved due to a decrease in outstanding depreciation expenses alongside ‘revenue generated from the new money lending business acquired in December.’
Success Dragon specializes in helping Macau casino firms to maximize returns from their gaming machine portfolios via the provision of advanced equipment and monitoring systems. The company currently serves the casinos inside the Casa Real Hotel and the Grandview Hotel Macau and revealed that it can moreover supply establishments with a range of managerial support services including staff to oversee operations.
The gaming machines firm also used the short filing (pdf) to state that its prediction has been ‘based on a preliminary review’ of its half-year ‘unaudited consolidated management accounts’ but that interested investors should ‘exercise caution’ when buying or selling any of its ‘shares or other securities.’
Read the filing from Success Dragon Int’l…
“As the company is still in the process of finalising the interim results of the group for the reporting period, the information contained in this announcement is only based on a preliminary assessment by the board with reference to the management accounts of the group and on the information available for the time being. Financial information and other details of the group will be disclosed in the interim results announcement of the group for the reporting period.”