Monday, February 25, 2013

Feb 2013 : Genting Singapore 4Q Results

Genting Singapore (GENS) posted 4Q net income down 50% YoY to S$133M on revenue of S$792M, up 1%. FY net income fell 43% to S$588M. The Co said : "Comparing to 4Q2011, the business volume in the premium players segment improved significantly by 56%. however, this was offset by weaker win percentage in the premium players business. Nevertheless, non-gaming revenue continues to show healthy growth of 19% with hotel business achieving occupancy rate of 91% at average rate of S$447."


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