Sands China Posts Rise In 2014 Profit

Sands China Ltd. SCHYY reported a 15% gain in its 2014 profit. Sands China's profit for the year jumped to US$2.55 billion, versus a year-ago profit of US$2.21 billion. Its net revenue gained 6.7% to US$9.51 billion, while adjusted earnings before interest, taxes, depreciation, and amortization climbed 12.4% to US$3.26 billion. For 2014, Sands China declared a dividend of 2.50 Hong Kong dollars (US$0.32) a share. Sands China posted a Q4 net income of $535.3 million, down from $655.6 million. Its net revenue declined 16% to $2.12 billion in the quarter. Sands China shares fell 1.16% to close at $48.65 yesterday.