Genting Singapore Swings to Profit on Casino ‘Impact’

BusinessWeek, 12 Aug 2010
Aug. 12 (Bloomberg) -- Genting Singapore Plc reported second-quarter profit of S$396.5 million ($291 million) compared with a loss a year earlier as its new casino resort in Singapore “made an impact” in its first full quarter of operations.
Revenue surged to S$979.3 million in the three months to June 30 compared with S$120.1 million a year ago, according to a filing to the Singapore stock exchange today. Earnings before interest, tax, depreciation and amortization, or Ebitda, were $513.9 million, with margins of 52 percent, the statement said. Full story