Genting Singapore Plc said it swung to a net profit in the fourth quarter, helped by higher earnings from its casino in Singapore.
Genting Singapore, whose main asset is the Resorts World at Sentosa casino in Singapore, reported net profit of $262 million in October-December, compared to a loss of $150.3 million a year ago.
Resorts World at Sentosa made $398 million in earnings before interest, tax, depreciation and amortisation (EBITDA) last quarter, up from $384 million a year ago. Fourth-quarter EBITDA was also higher than the $375 million reported in July-September.
Genting Singapore has declared a dividend of one cent per share.
In a separate announcement, Genting Singapore also said it has been accorded a credit rating of Baa1 by Moody’s and A- by Fitch Ratings respectively.
No comments:
Post a Comment