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Genting Singapore reports 2HFY2021 earnings of $95.1 mil; maintains dividend at one cent per share

The Edge Singapore
The Edge Singapore • 2 min read
Genting Singapore reports 2HFY2021 earnings of $95.1 mil; maintains dividend at one cent per share
The company plans to spend $400 million this year for renovation and expansion
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Genting Singapore has reported earnings of $95.1 million for 2HFY2021 ended Dec 2021, down 49% y-o-y.

Revenue in the same period was down 17% y-o-y to $512.5 million, as the resort operator was hit by lower visitor numbers amid a resurgence in Covid-19 cases.

“A series of enhanced safe management measures, such as the reduction in group size for social gathering and prohibition of dining-in at food and beverage (F&B) establishments, were introduced to contain the spread of the virus,” states Genting Singapore.

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