Macau casino investor Success Universe Group Ltd has informed shareholders and potential investors that it expects to record a consolidated loss after tax for the year ended Dec. 31, 2015, according to a filing to the Hong Kong Stock Exchange on Feb. 1.
The loss is compared with an audited consolidated profit after tax for the previous year of about HK$73.5 million ($9.4 million).
According to the company, the decline in consolidated results was a result of losses relating to Ponte 16, the flagship investment project of the group, a decrease in operating revenue at the group’s lottery business and a segment loss for the first eleven months ended Nov. 30, 2015.
The final results for the group for the year ended Dec. 31, 2015 are expected to be published in late Mar. 2016.