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

Drop in taxation helps push earnings to $140.3m

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...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to