Gaming sector volatility hurts profit of GuocoLeisure
GuocoLeisure's full year net profit plunged by 43.4 per cent to US$44 million (S$55.7 million).
This was despite revenue rising 2.8 per cent to US$380.3 million for the year ended June 30.
The higher turnover was due mainly to higher revenue generated from the hotel segment during the 2012 Summer Olympics.
While the revenues of the hotel operations showed a growth of 4.5 per cent, volatility in the gaming sector affected overall revenue performance.