Summit Ascent Holdings Ltd 2016 AR2
The report highlights Summit Ascent Holdings Limited's operations for the fiscal year 2016, focusing on its majority-owned integrated resort, Tigre de Cristal, in the Russian Far East. The company successfully transitioned Oriental Regent Limited from a joint venture to a consolidated subsidiary, contributing to a positive Adjusted EBITDA of HK$132 million. Key achievements include the expansion of the rolling chip business targeting Northeast Asian VIP customers and the implementation of stringent cost controls, with over 97% of employees being local Russian citizens. On the environmental front, the company established a sewage treatment plant, implemented energy-saving Building Management Systems, and initiated tree planting to restore the local ecosystem.
Company: Summit Ascent Holdings Ltd
Sector: Hospitality & food services
Country: Hong Kong
Year: 2016
Type: AR2
Pages: 113
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Summit Ascent Holdings Ltd
Annual Report
The report highlights Summit Ascent Holdings Limited's operations for the fiscal year 2016, focusing on its majority-owned integrated resort, Tigre de Cristal, in the Russian Far East. The company successfully transitioned Oriental Regent Limited from a joint venture to a consolidated subsidiary, contributing to a positive Adjusted EBITDA of HK$132 million. Key achievements include the expansion of the rolling chip business targeting Northeast Asian VIP customers and the implementation of stringent cost controls, with over 97% of employees being local Russian citizens. On the environmental front, the company established a sewage treatment plant, implemented energy-saving Building Management Systems, and initiated tree planting to restore the local ecosystem.
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Document Details
Report Year
2016
Reporting Period
Jan 1, 2016 - Dec 31, 2016
Fiscal Year
2016
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Employees