Macau Lijun (01680) announced interim results, net loss of HK$110 million decreased by 39.77% year on year

According to the Zhitong Finance App, Macau Lijun (01680) announced interim results for the six months ended June 30, 2024. The group achieved revenue of HK$390 million, an increase of 16.54% year on year; loss of HK$110 million during the period, a year-on-year decrease of 39.77%; and a loss of 1.77 HK cents per share.

As far as the Group's gaming operations in Macau are concerned, the total revenue achieved in the first half of 2024 increased by about HK$63.4 million over the first half of 2023, or 43.7%, while adjusted EBITDA increased from about HK$33.3 million in the first 6 months of 2023 to about HK$65.5 million in the first 6 months of 2024. The increase was mainly due to the fact that the first few months of 2023 were still adversely affected by COVID-19, while the company's operations team became more mature after a full year of operation.