Genting Singapore Swings to Second-Quarter Profit

By Gaurav Raghuvanshi Features Dow Jones Newswires

Genting Singapore PLC (G13.SG) Wednesday reported a return to profit in the second quarter after its revenue increased and costs declined.

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Net profit in the June quarter was 143.3 million (US$105.4 million), compared with a S$10.5 million loss in the same period of last year, the casino-resorts operator said in a statement to Singapore Exchange.

Revenue rose 24% on year to S$596.1 million, while cost of sales fell 17% to S$321.3 million and finance costs fell 26% to S$8.8 million, Genting said.

Write to Gaurav Raghuvanshi at gaurav.raghuvanshi@wsj.com

(END) Dow Jones Newswires

August 02, 2017 05:39 ET (09:39 GMT)