Jimei in profit in 15H1 as new businesses take off

Jimei International reported net profit of HK$52.8 million ($6.8 million) for the six months ended 30 June, compared to a loss of HK$8.3 million in the same months the year before. 

The profit for the six months this year was mainly driven by the company’s newly established entertainment and gaming business.

In February, Jimei started a junket business in Crown Perth Casino, promoting approximately 8 to 10 gaming tables at the property. Similarly, in May, the group entered into another junket arrangement with NagaWorld, an indirectly wholly-owned subsidiary of NagaCorp Ltd, to promote not less than 7 gaming tables.

“With the commitment in diversifying business into entertainment and gaming industry to broaden the income sources, the group has entered into junket arrangements with Crown Perth and NagaWorld Limited during the period under review, which enabled the Group to tap the gaming promotion business in Australia and Cambodia respectively.”

The group generated revenue and gross profit of approximately HK$112.4 million and HK$60.6 million respectively from the entertainment and gaming business.

 

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