SINGAPORE (Aug 4): Genting Singapore, the operator of one of two mega resorts with casinos in the city state, reported a 24% rise in 2Q18 earnings to $177.6 million.

Revenue for 2Q18 ended Aug fell 6% to $560.3 million from $596.1 million but cost of sales fell 4% to $309.5 million. Gross profit fell 9% to $250.8 million.

Other operating income increased 67% to $35 million and other operating expenses fell 87% to $2.2 million. This resulted in a 1% rise in operating profit to $228.4 million.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Related Stories

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook