Genting Singapore shares up 6.4% despite H1 profit drop
The counter rises to S$0.665, adding about S$0.04
Genting Singapore's shares rose 6.4% to S$0.665 on Friday, despite a 33.5% fall in profit for the first half of the year, according to wire material. The operator reported H1 profit of S$156.1 million, down from S$234.7 million the previous year. This decline was attributed to higher depreciation, lower interest income, and asset refresh works. However, revenue only decreased by 0.9% to S$1.2 billion, thanks to non-gaming revenue growth. The non-gaming segment generated S$388.6 million, up about 6% year-on-year.
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- Genting Singapore shares up 4.8% despite H1 profit drop businesstimes.com.sg
