NagaCorp AGM nods 2020 final dividend for casino op

NagaCorp Ltd, the monopoly casino operator in Phnom Penh, capital of Cambodia, said in a Thursday filing in Hong Kong that its annual general meeting (AGM) that day had approved a final dividend for 2020.

In an April 19 filing, NagaCorp had proposed a final dividend of US$0.0188 per share, which it said would represent a payout ratio of “100 percent, based on the net profit generated for the second half of 2020.”

NagaCorp, operator of the NagaWorld complex (pictured), had said in early March that its full-year 2020 profit had been just above US$102.3 million. It said the result had been supported by a “satisfactory” recovery in the second half of the year, amid pandemic-related disruption.

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