Casino operator Donaco International has posted its full-year financial results to June 30, 2024, which indicates continued growth for the company.
Chairman Porntat Amatavivadhana told shareholders: "Following a successful turnaround in FY23, Donaco has continued to grow over the past 12 months.
"We are pleased to announce that Donaco has made steady progress during the financial year and achieved a group EBITDA of AU$22.2m, more than doubling from AU$9.6m in FY23.
Our DNA Star Vegas business in Cambodia has continued to improve in FY24. The asset delivered FY24 revenue of AU$25.7m from FY23 revenue of AU$19.9m and EBITDA of AU$16.7m from AU$10.8m in FY23.
Aristo International Hotel in Vietnam recorded FY24 revenue of AU$13.9m from AU$4.4m in FY2, and EBITDA of AU$8.4m from AU$1.5m in FY23. This resulted in our group achieving FY24 total revenue of AU$39.5m compared to AU$24.3m in FY23. "Overall, Donaco recorded FY24 total EBITDA of AU$22m, a substantial increase from prior year’s EBITDA of AU$9.6m. The group recorded total positive operational cash flow of AU$15m, an improvement on FY23’s AU$11.3m.
"As we move forward, Donaco will continue to focus on keeping the momentum in recovering our business while staying vigilant on the ongoing trends and developments shaping the business."
