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17-02-2022, 11:22 PM
Genting Singapore H2 profit falls 49%; details of RWS expansion unveiled
INTEGRATED Resort (IR) operator Genting Singapore reported on Thursday (Feb 17) that net profit for its second half fell 49 per cent on year, due to lower visitorship as community Covid-19 cases rose.
Net profit for the 6 months ended Dec 31, 2021, fell to S$95.1 million, down from S$185.9 million during the same period a year earlier. Revenue for the period was also 17 per cent lower, at S$512.5 million.
Noting the "significant" decline in net profit, the operator of Resorts World Sentosa said: "Our IR experienced a decrease in visitorship, largely due to an increase in Covid-19 community cases and the recent emergence of the Omicron variant."
https://www.businesstimes.com.sg/compani...n-unveiled
INTEGRATED Resort (IR) operator Genting Singapore reported on Thursday (Feb 17) that net profit for its second half fell 49 per cent on year, due to lower visitorship as community Covid-19 cases rose.
Net profit for the 6 months ended Dec 31, 2021, fell to S$95.1 million, down from S$185.9 million during the same period a year earlier. Revenue for the period was also 17 per cent lower, at S$512.5 million.
Noting the "significant" decline in net profit, the operator of Resorts World Sentosa said: "Our IR experienced a decrease in visitorship, largely due to an increase in Covid-19 community cases and the recent emergence of the Omicron variant."
https://www.businesstimes.com.sg/compani...n-unveiled
