Genting Singapore has reported a revenue of $554.8 million, up 24% y-o-y for 1HFY2021.
This time last year, the resort operator was hurting from the lockdown because of the pandemic, before gradual resumption of activities later on.
See also: MBKE bets pro-IR incumbent to win Yokohama mayoral race, keeps "buy" call on Genting Singapore
From $116.7 million in the red in 1HFY2020, Genting Singapore has reported earnings of $88.2 million for 1HFY2021.
Despite the swing back into the black, Genting Singapore prefers not to give out an interim dividend, given the “ongoing severity and uncertainty of the impact” of the pandemic.
It is in the midst of trying to win a bid to build an integrated resort in Yokohama, Japan, in a joint venture with several local partners.
“We are currently awaiting the outcome of the bid,” the company notes.
For more stories about where the money flows, click here for our Capital section
Genting Singapore shares closed Aug 12 at 80 cents, unchanged for the day, but down 6.98% year to date.
