Genting Singapore Q2 profit surges
Add BT as a preferred source
Nisha Ramchandani
GENTING Singapore's net profit for the second quarter ended June 30 jumped to S$172.71 million from S$18.85 million a year ago.
The bottom line was strengthened by higher revenue and lower sales cost.
Revenue was 24 per cent higher year on year at S$596.08 million on the back of higher rolling win percentage in the premium player business.
Earnings per share came to 1.19 Singapore cents, compared to a loss per share of 0.09 cent a year ago.
An interim dividend of 1.5 Singapore cents has been declared, payable on Sept 20.
For the six-month period, net profit rose to S$382.88 million from S$59.08 million, while revenue edged up 9 per cent year on year to S$1.18 billion.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Simba ordered to pay S$700,000 in damages to indoor skydiving operator Altitude Xperience for trespass
Lazada cuts about 5% of workforce, a sign of maturing e-commerce sector in S-E Asia
What’s wrong with Orchard Road? Experts weigh in on the street’s cachet and its future
DBS tops list of employers sought by Singapore’s fresh graduates: survey
