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Genting Singapore reverses loss with earnings of S$159 million in Q4

Singapore

GENTING Singapore swung into the black with a net profit of S$159.19 million for the fourth quarter ended Dec 31, 2016, compared to a net loss of S$7.75 million a year ago.

Including S$29.71 million apportioned to holders of perpetual securities, net profit would have come to S$188.9 million.

The improved performance in Q4 was underpinned by higher gaming revenue due to higher rolling win percentage in the premium player business as well as the group's revised strategy to focus on better margin...

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