Supreme Ventures is reporting increased profits for the first quarter ended March 31, 2024.
The group reported a net profit after tax of $867.95 million, representing an increase of $155.99 million or 21.91 per cent over the first quarter last year.
The higher profits were driven by a $218.46 million increase in gaming revenue, $113.99 million increase in interest income, as well as lower selling and administrative expenses of $180.88 million.
These were offset by an increase in finance costs of $82.20 million, impacted by interest costs associated with the additional bond issue in the third quarter of 2023.
Dividend approved
Meanwhile, the gaming company's board has approved a dividend amount of 30.16 cents per stock unit.
It will be paid to all shareholders on record as at Friday, May 10, 2024.
The dividend will be paid on Tuesday, July 16, 2024.
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