December 2015 Half Year Financial Report
Sydney, Feb 24, 2016 AEST (ABN Newswire) - During the financial half-year the principal activities of the consolidated entity, Donaco International Ltd (
ASX:DNA), consisted of the operation of leisure and hospitality businesses across the Asia Pacific region.
This included;
- operation of a hotel and casino in Vietnam;
- operation of a hotel and casino in Cambodia; and
- acquisition and disposal of businesses.
Review of operations
The profit for the consolidated entity after providing for income tax and non-controlling interest amounted to $14,133,999 (31 December 2014: $745,927).
Full details on the financial performance and activities of the consofidated entity are provided in the investor presentation released to the market on the same day as this report
Significant changes in the state of affairs
During the financial half year, the consolidated entity successfully completed the acquisition of the Star Vegas Resort and Club in Poipet, Cambodia.
Full details are provided under "Control gained over entities", and in notes 8, 9, 14 and 15 to the accounts.
There were no other significant changes in the state of affairs of the consolidated entity during the financial half-year.
To view the financial report, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-DNA-908439.pdf
About Donaco International Ltd
Donaco International Limited (ASX:DNA) operates leisure, entertainment and associated technology businesses across the Asia Pacific region.
Donaco's largest business is the Star Vegas Resort & Club, a successful casino and hotel complex in Poipet, Cambodia, on the border with Thailand. Star Vegas was established in 1999, and is the largest and highest quality of the Poipet casino hotels. The property has more than 100 gaming tables, more than 1400 slot machines, and 385 hotel rooms.
Donaco's flagship business is the Aristo International Hotel, a successful boutique casino in northern Vietnam, located on the border with Yunnan Province, China. Established in 2002, the property has recently been expanded to a brand new five star resort complex with 400 hotel rooms. Donaco is a pioneer casino operator in Vietnam, and owns a 95% interest in the business, in a joint venture with the Government of Vietnam.
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