Genting S'pore Q2 profit falls 27% to S$102m
Net exchange loss on investments; revenue higher; H1 profit up 29%
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Anita Gabriel
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THE winning streak for casino operator Genting Singapore was predictably volatile as shown by its just released second-quarter results which saw net profit attributable to shareholders slip 27 per cent to S$102.29 million from S$140.24 million a year ago.
This was after it had apportioned some S$30 million, as was the case a year ago, to holders of perpetual capital securities.
The period registered a net exchange loss of S$34.9 million relating to investments, against a net exchange gain of S$25.2 million a year ago.
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