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Genting Sing

Stock Chart
Last Done 0.680
Change +0.005 (+0.74%)
Volume 2,105.3
Range 0.675 - 0.680

Related News

Genting Singapore posts S$163.3m Q2 loss in worst quarterly showing since 2010

08 Aug 2020 09:00

By Sharanya Pillai

IN ITS worst quarterly performance since the opening of Resorts World Sentosa (RWS) in 2010, Genting Singapore logged a S$163.3 million net loss for Q2 FY2020 ended June, reversing a S$168.4 million net profit from a year ago.

Making zero revenue amid RWS' temporary closure in Q2 was "devastating", Genting said in a bourse filing on Thursday evening.

This was despite "the swift implementation of a series of cost-containment measures, including payroll rationalisation as well as other productivity initiatives", it said.

Genting did not declare an interim dividend for H1, a turnaround from the 1.5 cent-per-share payout a year ago. But it intends to declare a final dividend for FY2020 - out of its retained profits if necessary.

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Source: Business Times

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