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Genting Singapore's Q4 profit slumps 36%

GENTING Singapore's profit for the final quarter ended December 2014 fell 36 per cent to S$89.2 million from S$140.3 million a year ago.

Including S$29.7 million apportioned to holders of perpetual securities, net profit fell 30 per cent to S$118.9 million.

Revenue slipped 8 per cent to S$637.9 million from S$692.9 million.

Earnings per share came in lower at 0.73 Singapore cent from 1.15 Singapore cents a year ago.

The firm said the mass and premium mass segments of its gaming business showed respectable growth while the VIP segment was impacted by significant below-average win percentage and rolling volume.