Genting lifts Q3 profit; looks to Japan deal
Earnings surge 75%, boosted by both gaming and non-gaming sectors
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GENTING Singapore posted healthy earnings in the third quarter, helped by stronger performance in both its gaming and non-gaming segments, even as it faced an uncertain global economy, a tight local labour market and a strong Singapore dollar.
The mainboard-listed casino operator, which operates the Resorts World Sentosa (RWS) integrated resort, reported a 75 per cent rise to $193 million in net profit attributable to shareholders for the July-September quarter. The group also benefited from a higher share of profits from a jointly controlled entity, including a gain on disposal of the group's indirect interest in UK properties. Revenue climbed 16 per cent to $776.8 million.
Earnings per share were 1.58 cents, up from 0.9 cents a year ago.
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