NagaCorp books US$18 million EBITDA in H1 despite four-month closure

NagaCorp Ltd fell to a US$72.2 million loss for the six months to 30 June 2021, with the closure of its Cambodian integrated resort NagaWorld since 2 March putting paid to a strong start to the year.

Revenue for the period fell 65.4% year-on-year to US$130.4 million, however the group still recorded positive EBITDA of US$17.7 million citing stable recovery of its gaming business prior to Cambodia’s COVID-19 outbreak in late February.

In those two months of operations before closure, NagaWorld recorded GGR of US$129.3 million of which the VIP segment contributed US$80.5 million, down from US$270.9 million a year earlier.

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