Genting Singapore suffers plunge in profit
Published on Aug 14, 2014 8:28 PM
SINGAPORE - Genting Singapore - the casino operator that runs the Resorts World Sentosa (RWS) integrated resort - has posted a 27 per cent plunge in second-quarter net profit to $102.3 million, from $140.2 million a year earlier.
The group did not declare any dividend for the quarter.
Revenue gained 6 per cent to $751 million from $707.9 million.
The mainboard-listed company's core earnings - measured by adjusted earnings before interest, tax, depreciation and amortisation (Ebitda) - came in at $313.8 million, down 1 per cent from $310.8 million a year earlier.
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