Naga Corp Earns Net Profit of US$52 million in H1 2022

• Sommana Yan
• 3 August 2022
• Local News
• 1801 Views

Hong Kong-listed NagaCorp Ltd, the operator of the casino resort monopoly in Phnom Penh, earned a total profit of US$52 million in the first half of 2022.

The figures were mentioned in a filing dated 18 July to the Hong Kong Stock Exchange.

The profit of US$52 million is a major increase compared to a US$77-million loss for the first half of 2021 when the resort was closed most of the time due to the pandemic.

The company said that following the reopening of ASEAN and global travel restrictions, the outlook for international tourism continues to improve and the group remains optimistic about the near-term prospects.

NagaWorld will continue drawing tourists to Cambodia, especially from ASEAN, and believes that the long-term business prospects and outlook of the group will remain stable.

 

• Business and Market
• Economy and Finance