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Genting Singapore's first quarter net profits surge 77% to $257.6 million

Published on May 5, 2014 7:27 PM

Genting Singapore - the casino operator that runs the Resorts World Sentosa (RWS) integrated resort - has posted a record 77 per cent surge in first-quarter net profit attributable to shareholders of $257.6 million, up from $145.4 million a year earlier.

The group did not declare any dividend for the quarter.

Revenue jumped 24 per cent to $828.8 million from $669.6 million.

The mainboard-listed company's core earnings - measured by adjusted earnings before interest, tax, depreciation and amortisation (Ebitda) - came in at $400.3 million, a whopping 60 per cent surge from $249.7 million a year earlier.

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