Cambodia-based leisure and entertainment gaming company NagaCorp maintained its growth momentum with net profit up by 73 per cent for the year ended December 31, amid a competitive and robust gaming climate throughout the Asia-Pacific region. The company said its net profit for fiscal year 2010 was US$44.1 million, compared with US$25.5 million in 2009.
During the year under review, NagaCorp's total revenue was US$150.5 million, up 28 per cent year-on-year.
It said the group achieved these results by staying focused on its strategy of building up its public floor and gaming machines business driven by market demand. This resulted in a more efficient business mix, and produced lower earnings volatility.
During the period, 64 per cent of the group's total revenues were derived from its non-junket business, compared with 55 per cent in 2009.
NagaCorp's board declared a final dividend of 77 US cents per share.
The proposed final dividend, together with the interim dividend paid, is US$1.48 per share, representing a dividend payout ratio of 70 per cent for the year ended December 31.