Thursday, February 2, 2012

Las Vegas Sands profit rises on Asia; US$1 dividend approved

Las Vegas Sands Corp., the US casino company expanding in Macau, said fourth-quarter profit rose 17% on growth in Singapore and China. The company also declared its first common stock dividend.

Net income increased to US$320.1 million ($399.1 million), or 39 cents a share, from US$273 million, or 34 cents, a year earlier, the Las Vegas-based company said today in a statement. Profit excluding some items was 57 cents, matching the average of 23 analysts’ estimates compiled by Bloomberg.


 

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