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Genting Singapore posts 80% y-o-y increase in net profit of $611.6 mil for FY2023

Nicole Lim
Nicole Lim • 2 min read
Genting Singapore posts 80% y-o-y increase in net profit of $611.6 mil for FY2023
It attributes this growth to strong recovery across its businesses. Photo: Bloomberg
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Genting Singapore has reported net profit of $611.6 million for FY2023 ended Dec 31, 80% higher y-o-y. 

The group’s revenue grew 40% y-o-y to $2.4 billion, while cost of sales grew 37% y-o-y to $1.5 billion. 

The Directors have proposed a final dividend of 2 cents per ordinary share for the FY2023, the same figure in FY2022. A tax-exempt final dividend of 2 cents per ordinary share was paid to shareholders on May 24, 2023. 

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