ENGLISH
|
JAPANESE
|
CONNECT WITH US:
Home
About
Contact
Log in
*
Home
Press release
Mar 20, 2019 12:05 JST
Source:
Asia Pioneer Entertainment Holdings Limited
APE Announces 2018 Annual Results
Profit and Total Comprehensive Income Surged by 361% to HK$20.7 million
HONG KONG, Mar 20, 2019 - (ACN Newswire) - Asia Pioneer Entertainment Holdings Limited (stock code: 8400.HK) and its subsidiaries (collectively referred to as "APE" or the "Group") announced its annual results for the financial year ended 31 December 2018 ("FY2018").
APE's profit and total comprehensive income surged by 361% to approximately HK$20.7 million in FY2018 from approximately HK$4.5 million in FY2017 (noting that FY2017 profits were impacted by listing expenses of approximately HK$14.2 million).
Revenues for FY2018 increased by 27% to approximately HK$110 million from approximately HK$86.1 million for FY2017. The strong revenue growth was driven by continuous growth in the Group's core lines of businesses including sales and distribution of electronic gaming equipments (EGEs), which included two lease sales it made in Cambodia and Philippines; consulting services to equipment suppliers; repair of EGEs; and sales of refurbished machines.
In addition to the outstanding operating results achieved in FY2018, the Group also made exciting progress in business expansion in both Macau and overseas market.
For the overseas market, according to a recent industry report, Asia's mass gaming and slots market grew around 15% YoY in USD Gross Gaming Revenue for 2018, with the Philippines up 25% YoY and Cambodia up 32% YoY, both the fastest in the Asia markets.
Mr. Allen Huie, APE's Chairman, commented, "APE is a proven EGE company in Macau. It is always in our plans to leverage our product knowledge and experience in Macau to access the South East Asian markets. In the coming years, we were able to initiate our Asian expansion with lease sales in Cambodia and the Philippines, the two countries with rapid growth in EGEs."
While for the Macau market, APE has continued to introduce new products and games. In FY2018, APE introduced a new horse racing machine from Konami Australia to a casino client in Macau, securing two purchases. APE's consulting division also helped an EGE supplier to get certification for several new games under development.
Mr. Herman Ng, APE's CEO and Executive Director, said, "Exploring and implementing new products and games are essential to the electronic gaming market. The Group needs to continuously seek new games that suit casinos and players. We feel confident that our experience will put us in a good position to bring new products and games, which will support APE's sustainable growth."
Mr. Ng added, "For the year forward ahead, we believe the Macau market will remain strong with continue demand from mass gaming market, as well as two planned new casino openings in Cotai, Macau. We also see bright growth prospects in Asian markets such as Philippines, Cambodia and Vietnam."
About Asia Pioneer Entertainment Holdings Limited
Asia Pioneer Entertainment Holdings Limited ("APE") is a total solutions provider of electronic gaming equipments ("EGEs") for land-based casinos in Macau SAR as well as other regions in Asia. EGEs include electronic table games ("ETGs") and electronic gaming machines ("EGMs" or "Slot Machines"). APE's business can be segmented into: (i) technical sales and distribution of EGEs to land-based casinos; (ii) the repair of EGEs and sale of spare parts; (iii) consultancy to suppliers or manufacturers of EGE products to the casino gaming supplier market, (iv) sales of refurbished EGMs, and (v) lease sales of EGEs to customers.
For media enquiries, please contact:
Ms. Candy Chan
Tel: +853 2830 6196
Mob: +853 6529 9028
Email:
candy@apemacau.com
Ms. Ashley Kung
Tel: +852 2890 8262
Mob: +852 6608 9927
Email:
ir@frement.com
Source: Asia Pioneer Entertainment Holdings Limited
Sectors: Daily Finance, Daily News
Copyright ©2024 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
Latest Release
First-ever Mazda CX-80 Crossover SUV Unveiled in Europe
Apr 19, 2024 13:50 JST
Fujitsu develops technology to convert corporate digital identity credentials, enabling participation of non-European companies in European data spaces
Apr 19, 2024 10:17 JST
Mitsubishi Heavy Industries and NGK to Jointly Develop Hydrogen Purification System from Ammonia Cracking Gas
Apr 18, 2024 17:01 JST
Toyota Launches All-New Land Cruiser "250" Series in Japan
Apr 18, 2024 13:39 JST
Fujitsu and Oracle collaborate to deliver sovereign cloud and AI capabilities in Japan
Apr 18, 2024 11:14 JST
Eisai: Research on Treatments for Alzheimer's Disease Based on Its Pathological Mechanisms Recieves Award for Science and Technology (Research Category)
Apr 18, 2024 10:53 JST
All-New Triton Confirmed as First Double-Cab Pickup Truck to Achieve 2024 Five-Star ANCAP Safety Rating
Apr 18, 2024 09:22 JST
Eisai's Antiepileptic Drug Fycompa Injection Formulation Launched In Japan
Apr 17, 2024 16:17 JST
Honda Unveils Next-generation EV Series for China
Apr 17, 2024 12:15 JST
Lexus presents Time at the 2024 Milan Design Week
Apr 16, 2024 18:49 JST
Mitsubishi Corporation Announces Participation in a DAC Project in Louisiana, USA
Apr 16, 2024 14:36 JST
New circuit challenge for TOYOTA GAZOO Racing
Apr 15, 2024 17:21 JST
TOYOTA GAZOO Racing back on asphalt for Croatian challenge
Apr 12, 2024 19:36 JST
Heidelberg Materials North America Announces Latest Milestone in Edmonton CCUS Project
Apr 12, 2024 14:39 JST
MHIAEL Completes Expansion of the its Nagasaki Plant for Manufacture of Aero Engine Combustors
Apr 11, 2024 18:08 JST
Mitsubishi Shipbuilding Acquires Approval in Principle (AiP) from Classification Society ClassNK for Ammonia Fuel Supply System (AFSS)
Apr 11, 2024 17:50 JST
DOCOMO, NTT, NEC and Fujitsu Develop Top-level Sub-terahertz 6G Device Capable of Ultra-high-speed 100 Gbps Transmission
Apr 11, 2024 15:10 JST
Mitsubishi Corporation Announces Completion of Capital Raise by Nexamp
Apr 11, 2024 13:07 JST
Mitsubishi Shipbuilding Receives Order for Ammonia Fuel Supply System for Ammonia-Powered Marine Engine
Apr 10, 2024 16:55 JST
Transgene and NEC Present First Clinical Benefits of Neoantigen Cancer Vaccine, TG4050, in Head & Neck Cancer at AACR 2024
Apr 10, 2024 13:36 JST
More Latest Release >>
Related Release
APE Digital Creations Ltd. Publishes Whitepaper on Resortverse
July 25 2022 10:55 JST
Asia Pioneer Entertainment Launches its first virtual Macau Tourism Project in The Sandbox Metaverse
May 31 2022 15:41 JST
Asia Pioneer Entertainment Launches its first NFT Series: Asia Tigers Club enter the Metaverse
May 04 2022 17:49 JST
APE Introduces Full-range Electronic Gaming Equipment to New Integrated Resort Hoiana in Vietnam
July 08 2020 13:00 JST
APE Announces Commencement of New Business Activity
June 26 2020 21:05 JST
APE entered into the Operating Lease Agreement in Cebu Casino
February 17 2020 13:00 JST
APE recognized as one of the inaugural fastest-growing companies in "Growth Champions of the Greater Bay Area 2020" by SCMP
December 19 2019 13:04 JST
Fortune Cup Horse Racing Machine Debuts in Macau
March 04 2019 08:30 JST
Asia Pioneer Entertainment Holdings Limited Revenue Soars 63.7% in 2017
March 20 2018 21:19 JST
APE Proposed Listing on the Growth Enterprise Market of The Stock Exchange of Hong Kong Limited
October 30 2017 19:35 JST
More Press release >>