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Sands China to pay final dividend of HK$1.00


Sands China said its board has recommended a final dividend of HK$1.00 ($0.13) per share for 2016, unchanged from the prior year.

The dividend will be paid on June 23 to shareholders on record on June 5.

The company, which opened its Parisian resort in September last year, posted a 16.1 percent decline in profit for the full-year 2016 to $1.2 billion, down from $1.5 billion in 2015, according to a preliminary announcement of its annual results.

Net revenue was $6.65 billion, down 2.4 percent compared to $6.8 for the year ended Dec. 31, 2016, while adjusted EBITDA for the year increased 0.9 percent to $2.24 billion compared to $2.22 billion in 2015.

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