In an unaudited financial report to the Hong Kong Stock Exchange, Imperial Pacific International (CNMI) LLC said its net revenue more than doubled over the first six months of 2017.<\/p>\n
Net revenue for 2017 reportedly amounted to HKD 4.7 million, or $608,296.17. <\/p>\n
The previous year\u2019s net revenue amounted to HKD 2.3 million, or $300,488.91, showing a 102.43-percent increase.<\/p>\n
Gross revenue for the first half of 2017 came in at HKD 7.3 million, or $933,653, while the first half of 2016 was recorded at HKD 3.9 million, or $509,854.01, indicating an increase of 83.12 percent.<\/p>\n
The report attributed the increase in gross revenue to the casino gaming operations.<\/p>\n
Profit for the first half of 2017 is at HKD 912,028, or $116,642.73. The previous year\u2019s profit for the same period was at HKD 837,330, or $107,089.32.<\/p>\n
\u201cThe growth of profit is mainly attributable to [an] increase in operating profits generated by Best Sunshine Live during the period,\u201d the report specified.<\/p>\n
The live training facility at T Galleria in Garapan has moved to its permanent location at the Imperial Pacific Resort in early July 2017.<\/p>\n
Total equity for the first half of 2017 yielded HKD 4 million, or $523,025.53, while the previous year\u2019s was set at HKD 2.8 million, or $365,890.99. Total equity as of the first half of 2017 increased by 42.94 percent.<\/p>\n
Though the report noted substantial net revenue increases, the increases for operating and administrative expenses as well as finance costs also skyrocketed.<\/p>\n
Operating and administrative expenses for the first half of 2017 cost HKD 2.9 million, or $373,490.18 while the previous year\u2019s first half cost a mere HKD 949,140, or $121,389.12. The difference in expenses indicates an increase of 207.68 percent for operating and administrative expenses.<\/p>\n
Finance costs jumped from HKD 49,123, or $6,282.53 for the first half of 2016 to HKD 97,079, or $$12,415.80\u2014nearly doubling for the first half of 2017.<\/p>\n","protected":false},"excerpt":{"rendered":"
In an unaudited financial report to the Hong Kong Stock Exchange, Imperial Pacific International (CNMI)…<\/p>\n","protected":false},"author":22,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[900],"tags":[6320,256,18355,14722],"class_list":["post-260536","post","type-post","status-publish","format-standard","hentry","category-featured","tag-best-sunshine-live","tag-casino","tag-hkd","tag-imperial-pacific-resort"],"_links":{"self":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/posts\/260536","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/users\/22"}],"replies":[{"embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/comments?post=260536"}],"version-history":[{"count":0,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/posts\/260536\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/media?parent=260536"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/categories?post=260536"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/tags?post=260536"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}