# Sun City Group Listco reports loss of $217 million in 2018 Suncity Group Holdings said it lost nearly 1.46 billion yuan ($217.34 million) last year and turned to the red after reporting a profit of 197 million yuan in 2017. Still, Suncity Group Holdings told the Hong Kong Stock Exchange on Friday that its annual revenue for the year ended Dec. 31 rose 45.5% to 792.6 million yuan from 497.8 million yuan in 2017. The board recommended no final dividend in 2018. It did not pay a dividend in 2017. SunCity Group Holdings said in its financial review over the past 12 months that the loss of investment in derivatives instruments, citing consolidated losses, widened to a total of about 859.7 million yuan, compared with a foreign exchange gain of 41.7 million yuan in 2017, resulting in a foreign exchange loss of 181 million yuan last year. The group also said two one-time provisions - deposits of about 438 million yuan and litigation funds of 289.2 million yuan - had reversed since 2017. The company said full-year revenue growth was primarily attributed to higher real estate sales, continued growth in travel-related product and services sales, and the provision of comprehensive hotel and integrated resort consulting services. The listed company is controlled by Alvin Chow-Chukwah, who is also the president of Suncity Group, which invests in privately owned gambling junkets to Macau. The junket brand is said by investment analysts to be the largest single investor in junket room operations in the Macau market. The listed company does not include revenue sources from Macau junkets in its assets. BY: **[슬롯사이트 순위](https://www.bsc.news/post/2024-safety-slotsite-rankings-free-online-slot-site-recommendations-top15 )**