Genting's Q1 earnings down 26% on Covid-19 impact

Its gaming revenue has slid 19% to S$216.9 million, while non-gaming revenue has plunged 56% to S$60.7 million

Published Sat, May 8, 2021 · 05:50 AM

Singapore

GENTING Singapore, the operator of Resorts World Sentosa, on Friday posted a 26 per cent drop in net profit after tax to S$34.5 million for its first quarter ended March 31, 2021, while revenue declined 32 per cent to S$277.9 million.

This was due to the Covid-19 impact which continued to weigh on its operational performance, it said, adding that its earnings decline would have been more pronounced if not for the support measures initiated by the Singapore government.

Gaming revenue slid 19 per cent to S$216.9 million, while non-gaming revenue plunged 56 per cen…