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Genting Sing

Stock Chart
Last Done 0.680
Change +0.005 (+0.74%)
Volume 4,352.1
Range 0.675 - 0.685

Related News

Genting Singapore falls after posting losses, cutting dividend

11 Aug 2020 09:00

By Vivienne Tay

SHARES of Genting Singapore tumbled 4.9 per cent on Friday, after the resort operator on Thursday posted its worst quarterly performance since Resort World Sentosa's (RWS) opening in 2010.

Genting Singapore logged a S$163.3 million net loss for the second quarter ended June, reversing from a S$168.4 million net profit a year ago. It did not declare an interim dividend for H1, a move which surprised analysts.

The lack of interim dividend is a turnaround from the 1.5 Singapore cents per share payout a year ago. However, Genting Singapore intends to declare a final dividend for FY2020 - out of its retained profits if necessary.

ShareInvestor subscribers have full access to this article. ShareInvestor subscriber, please login to read the 14 remaining paragraph(s).

Source: Business Times

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