Success Dragon International Holdings Limited

Macau and gaming console firm Success Dragon International Holdings advised investors that it expects losses in the six months to the end of September to be less than those recorded in the same period last year.

The Hong Kong-listed company said in an official filing on Monday that it had posted a deficit of nearly $1.73 million in the six-month cycle of 2018, but now expects those deficits to improve due to a reduction in outstanding depreciation costs, along with “earnings from new money loan businesses acquired in December.”

The Macau casino company says it is maximizing revenue from its gaming console portfolio by providing advanced equipment and monitoring systems, currently serving casinos in Casa Real Hotel and Grand View Hotel Macau, and can provide a variety of management support services, including staff who oversee operations.

The game console company also said in a short file (pdf) that forecasts for semi-annual “unaudited integrated management accounts” were “based on preliminary review,” but that interested investors should take “caution” when buying and selling “stocks or other securities.”

“As the company is still in the process of finalizing the group’s interim results during the reporting period, the announcement is based only on the board’s pre-evaluation and information available for the time being, referring to the group’s management account. The presentation of the group’s interim results during the reporting period will reveal the group’s group, including financial information.”


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