The Business Times
SUBSCRIBERS

Genting Singapore falls after posting losses, cutting dividend

It logged S$163.3m net loss for Q2, reversing from S$168.4m net profit a year ago

Vivienne Tay

Vivienne Tay

Published Fri, Aug 7, 2020 · 09:50 PM
    Shares fall

    Singapore

    SHARES of Genting Singapore tumbled 4.9 per cent on Friday, after the resort operator on Thursday posted its worst quarterly performance since Resort World Sentosa's (RWS) opening in 2010.

    Genting Singapore logged a S$163.3 million net loss for the second quarter ended June, reversing from a S$168.4 million net profit a year ago. It did not declare an interim dividend for H1, a move which surprised analysts.

    Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.

    GentingHot StockCasinosHospitality

    Copyright SPH Media. All rights reserved.

    Reuse this contentFeedback
    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More