Genting Singapore’s net profit falls 34% YoY in H1

Earnings per share for the period were 34% YoY lower at $0.0194.

Genting Singapore's net profit fell by 34% year on year to $234m during the first half of the year.

Earnings per share for the period were 34% YoY lower at $0.0194, whilst revenue declined 10% YoY at $1.21b.

Quarter on quarter, revenue grew by 3% in the second quarter to $588.3m, driven by the growth in VIP rolling volume and higher win rate, and increased visitorship to Universal Studios Singapore.

The group’s adjusted EBITDA for the period was $187.9m, a 7% YoY decrease year due to higher costs and the temporary closure of S.E.A. Aquarium in May and June this year.

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