Donaco narrows fiscal year loss, warns tough times ahead

Donaco International Ltd, an operator of border casinos in Southeast Asia, significantly narrowed its fiscal-year loss as of June 30, to just above AUD58.9 million (US$43.7 million), from AUD198.0 million a year earlier, even though the second half of the reporting period was affected by Covid-19.

The fiscal 2020 loss included an impairment charge of AUD50.5 million relating to an updated assessment on the potentially-recoverable amount of cash it could receive from its Cambodian property, Star Vegas Resort and Club (pictured).

No dividends were paid for the year ended 30 June, the company confirmed in its Tuesday filing to the Australian Securities Exchange.

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