Genting Singapore's 3Q net profit after taxation up 59% to S$216.3m
SINGAPORE (Nov 10): Genting Singapore has reported net profit after taxation of S$216.3 million (RM745.82 million) for the third quarter ended Sept 30, 2023 (3QFY2023), up 59% year-on-year (y-o-y), compared with S$135.8 million for the same period last year.
The company posted revenue of S$689.9 million for the quarter, up 33% y-o-y.
Gaming revenue accounted for S$459.6 million, versus S$382.0 million for 3QFY2022...
@michael chan Genting Berhad Q3 net profit, Contributed by Genting Singapore will be SGD 216,288,000 x 3.45 (currency conversion) x 52.5% (GenB owns GenS) = RM 391,751,640...
Genting Singapore has announced that it will invest a total of SG$6.8 billion (US$5 billion) in the expansion of its Singapore integrated resort and casino, Resorts World Sentosa (RWS) – a significant increase on the SG$4.5 billion (US$2.9 billion) investment first planned in 2019..
Let’s see what the results are…I am very sure the drop in price has to do with interested parties becoming aware of the results…..I am sure impairments will douse the net profit…..creative accounting to reduce tax charge
#Michael you may be right coz RWLA is gonna impact the groups profits. However Cashflow before debt will be big positive. We should not see Genting from PAT angle but EBITDA and total debt angle. End of the day it's the cashflow which matters.
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Michael_chan2022
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Posted by Michael_chan2022 > 2023-11-10 20:22 | Report Abuse
Sellers kena conned by uncle Powell into selling ..