International Entertainment Corporation reports significant revenue growth despite net loss
International Entertainment Corporation reported a significant increase in revenue for the year ended June 30, 2025, reaching HK$566.2 million, a 146.4% rise from the previous year’s HK$229.8 million. Gross profit surged by 106.3% to HK$273.2 million from HK$132.4 million in the prior year. This growth is primarily attributed to the group’s first full year of operating its casino, which commenced operations on May 9, 2024.
Despite the revenue growth, the group reported a net loss of HK$282.1 million for the year, compared to a net loss of HK$132.0 million in the previous year. This was mainly due to a one-off written-off of property, plant, and equipment amounting to HK$109.9 million, resulting from renovation works at the casino, and increased operating costs, including staff and marketing expenses. Total staff costs increased to HK$158.0 million from HK$87.5 million, while selling and marketing expenses rose to HK$74.5 million from HK$4.2 million.
The group’s hotel operations generated HK$56.2 million in revenue, a slight decrease of 6.1% compared to the previous year, mainly due to temporary closures for renovations. Gaming operations contributed HK$509.9 million, a 200.0% increase. The company is actively upgrading its facilities, expecting an increase in gaming tables to over 110 and slot machines to over 920, which is projected to improve future revenue.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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