Success Dragon posts FY profit, gaming services rev down

Gaming services provider Success Dragon International Holdings Ltd confirmed in a Wednesday filing to the Hong Kong Stock Exchange that it moved to a HKD2.0-million (US$255,000) net profit in the 12 months ended March 31, versus a net loss of HKD10.5 million in the prior-year period.

The group recorded revenue of HKD182.0 million for the financial year ended March 31, versus HKD175.2 million in the previous 12 months.

During the period, revenue generated from what the group terms “outsourced business process management”, i.e., relating to management of casino gaming services, decreased by 6.1 percent year-on-year, to just over HKD31.5 million.

“The lack of improvement in the revenue for this business segment was mainly attributable to the adverse impact on the Macau gaming industry caused by the prevalence of the Covid-19 pandemic,” the firm stated.

Source: https://www.ggrasia.com/success-dragon-posts-fy-profit-gaming-services-rev-down/