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Genting Singapore Q4 Profit Drops

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Genting Singapore PLC (OTC: GIGNY) reported a 30% decline in its net profit for the fourth quarter.

Genting Singapore's quarterly net profit fell to 119 million Singapore dollars (US$87 million), from S$170 million, in the year-ago period.

Its revenue shrank 8% to S$638 million. Gaming revenue slipped 9% to S$461.3 million.

Adjusted earnings before interest, tax, depreciation and amortisation dropped 24% to S$190.2 million.

 

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