Genting Singapore swings back to profitability in 4Q with earnings of $159.2 mil on lower expenses

SINGAPORE (Feb 22): Genting Singapore swung back into the black in 4Q16 with earnings of $159.2 million from a loss of $7.8 million a year ago, thanks to lower expenses and impairment on trade receivables.

This resulted in a more than tripling of FY16 earnings to $266.3 million from the previous year, despite a 7% fall in revenue to $2.2 billion.