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Genting Singapore’s net profit soars 80% YoY to $611.6m in FY23

With the increase, the company declared an 80% YoY higher earnings per share.

Genting Singapore ended FY23 with an 80% YoY higher net profit of  $611.6m.

Based on its latest financial statement, the company also recorded a 40% YoY improvement in its revenue to reach $2.4b.

The company attributed its better performance to the “significant recovery” of its businesses “across the board,” including Resorts World Sentosa (RWS).

In FY23, RWS delivered an adjusted EBITDA of $1.1b or 86% of pre-Covid Adjusted EBITDA.

With an improved bottom line, the company declared basic earnings per share (EPS) of $0.0507, 80% higher than the FY22 record.

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