Genting Singapore posts 4.3% drop in H1 profits to $84.4m despite rise in revenue

The Straits Times2022-08-12

SINGAPORE (THE BUSINESS TIMES) - Integrated resort operator Genting Singapore reported a 4.3-per-cent fall in net profit for the first quarter of the financial year from the year-ago period, the ...

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  • PearlynCSY
    2022-08-14
    PearlynCSY
    Genting Singapore posts 4.3% drop in H1 profits to S$84.4m despite rise in revenue. Net profit for the 6 months ended Jun 30, 2022 stood at S$84.4 million, compared with a net profit of S$88.2 million posted the same period a year ago.The results translate to earnings per share of 0.7 Singapore cents, against earnings per share of 0.73 Singapore cents in the previous financial year. These figures came even as revenue was up 19.5 per cent to S$663.1 million from S$554.8 million previously, as Genting Singapore benefited from the lifting of Covid-19 restrictions and pent-up tourism demand. The board has proposed an interim dividend of 1 Singapore cent per share, to be paid on Sep 20, 2022. No interim dividend was declared for the corresponding period in the previous financial year.
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