Genting Singapore rallies more than 12% on strong earnings and dividend payout

Singapore

GENTING Singapore saw its shares rally more than 12 per cent on Friday, a day after the casino operator reported a surge in its third-quarter net profit that trumped consensus and pleasantly rewarded shareholders with a first-ever interim dividend.

Genting Singapore shares hit an intraday high of S$0.855 each, before ending at S$0.850, up nine Singapore cents or 11.84 per cent. A staggering 129 million shares changed hands, making it the second-most actively traded stock after commodities group, Noble.