NagaWorld Profits Jump in First Half of 2012
Net profits at NagaCorp Ltd., owners of Phnom Penh’s only licensed casino, jumped 38 percent to reach $52.4 million in the first half of 2012 compared to the same period last year, the company said in its most recent financial report. The casino generated a total of $132.2 million in revenues compared with $108.4 million during the first six months of 2011. The firm said that the increase in profits mostly stemmed from more activity on its gaming floors, which earned $123.9 million, or 94 percent of the company’s total revenues. The rest came from hotel guests as well as food and beverage sales, NagaCorp said in its results released last week. … NagaCorp’s net profits have grown 355 percent since posting $11.5 million for the first six months of 2009, growing consecutively in each of the seven half-year terms since then. …
