Junket investor Jimei International Entertainment Group reported a sharp fall in H1 profits despite a healthy bump in revenue.

On Wednesday, the Hong Kong-listed Jimei International reported revenue of HKD 132.7m (US $17.1m) in the six months ending June 30. The revenue figure is up 18% year-on-year but H1 profit fell 46% to HKD 28.6m thanks to HKD 32m in extra finance costs.

Jimei International is owned by Jack Lam, whose privately held Jimei Group has junket deals with three Macau casinos and also runs the Jimei Casino under an SJM Holdings license.

The publicly traded Jimei International’s focus is on junket activities outside Macau, and struck three such deals last year. The company has a deal to promote 8-10 tables at Crown Perth in Australia, “not less than six” tables at The Star Casino in Sydney, and “not less than seven” tables at NagaWorld in Phnom Penh, Cambodia.