Genting Q4 net profit up 5% despite 13% revenue drop

GENTING Singapore - the casino operator that runs the Resorts World Sentosa (RWS) integrated resort - has posted a fourth-quarter net profit attributable to shareholders of $140.3 million, up 5 per cent from $133.2 million a year earlier.

This was after apportioning $29.7 million attributable to holders of perpetual capital securities.

The group proposed a final cash dividend of one cent per ordinary share, the same as in the preceding year.

Revenue fell 13 per cent to $692.9 million.

The mainboard-listed company's core earnings - measured by adjusted earnings before interest, tax, depreciation and amortisation (Ebitda) - came in at $250.3 million, a 32 per cent decline from $369.3 million a…