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Genting Singapore posts 4% increase in 4Q earnings to $156 mil, full-year earnings lifted to $689 mil

Uma Devi
Uma Devi • 2 min read
Genting Singapore posts 4% increase in 4Q earnings to $156 mil, full-year earnings lifted to $689 mil
Despite the higher earnings in 4QFY2019, the group’s full-year earnings came in at $688.6 million, representing a 9% decline from FY2018’s earnings of $755.4 million.
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SINGAPORE (Feb 12): Genting Singapore (GENS) reported earnings of $155.9 million for 4QFY2019 ended December, some 4% higher than earnings of $150.2 million a year ago.

Despite the higher earnings in 4QFY2019, the group’s full-year earnings came in at $688.6 million, representing a 9% decline from FY2018’s earnings of $755.4 million.

Revenue for the quarter fell 9% to $607.2 million from $664.8 million in 4QFY2018. This was spearheaded by a 13% decline in revenue from the gaming segment of the group’s Singapore operations. The group’s non-gaming segment in Singapore booked a marginal decline of 0.5%.

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