Genting Singapore Q1 profit tumbles 73% as revenue slips

Singapore

GENTING Singapore's first-quarter 2015 scorecard came in expectedly weak with net profit plunging 73 per cent to S$62.7 million from a year ago, a sign that the casino giant's biggest banes - waning Chinese high rollers, low luck factor and rising bad debts - could continue to be a drag this year.

Including S$29 million apportioned to holders of perpetual securities, net profit fell 64 per cent to S$91.7 million.