The group’s overall weaker performance y-o-y can be attributed to Singapore seeing stronger visitorship and tourism spending during last year’s Chinese New Year festive season along with the relaxation of visa regulations between China and Singapore in February 2024.
Genting Singapore has reported earnings of $145 million for 1QFY2025 ended March 31, down 41% y-o-y. On a q-o-q basis, earnings grew 2%.
The group reported revenue of $626.2 million and adjusted ebitda of $235.8 million for 1QFY2025, down 20% y-o-y and 36% y-o-y respectively. On a q-o-q basis, these figures improved 2% and 3% respectively.
