Genting Singapore posts 26% drop in 1Q21 net profit on continued Covid-19 impact

Genting Singapore posts 26% drop in 1Q21 net profit on continued Covid-19 impact
-A +A

SINGAPORE (May 7): Genting Singapore has reported a 26% y-o-y decline in net profit after tax to S$34.5 million for the 1QFY2021 ended March.

The decline in net profit follows lower revenue, which fell 32% y-o-y to S$277.9 million. Gaming revenue fell 19% or S$51 million y-o-y to S$216.9 million, while non-gaming revenue fell 56% or S$77.8 million y-o-y to S$60.7 million.

Genting Singapore’s EBITDA for the period was....(click on link for full story on theedgesingapore.com)