Genting Singapore sees 4Q earnings rise 12% to $150 mil on higher visitors, hotel occupancy

SINGAPORE (Feb 21): Genting Singapore (GENS) announced earnings of $150.2 million for the 4Q ended Dec 2018, rising 12% y-o-y from its earnings of $134 million in 4Q17 due to higher revenue.

This brings the group’s earnings for the full year to $755.4 million, up 10% from $685.6 million in the previous year.

Revenue for the latest quarter under review grew 15% on-year on the back of strong performance from the attractions business, which did well with an average daily visitation of over 21,000. There was also increased average visitor spend across all offerings including Universal Studios Singapore, S.E.A. Aquarium and Adventure Cover Waterpark.

---

Related Stories

• Maybank lifts Genting Singapore’s TP to $1.21 following en masse return of Chinese tourists
• 'Green shoots' of recovery seen but investors should look beyond Singapore's 2024
• Blackpink agency shares skyrocket after K-Pop stars renew deals

---