Sands China Reports 22% Jump In Q1 Net Revenue

Sands China Ltd SCHYY reported a more than two-fold year-over-year rise in its Q1 net profit. The company quarterly net profit came in at US$262.4 million under International Financial Reporting Standards (IFRS), against US$110.5 million, in the year-earlier period. Its net revenue climbed 22% to US$1.16 billion versus US$944.0 million. The company's Q1 net income under GAAP climbed to US$262.1 million, from US$113.3 million, in the year-earlier period. SCHYY shares fell 0.68% to close at $27.94 on Friday. Read more from Benzinga's Company news.