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.
Revenue for the quarter grew 2% to $557.7 million from $547.4 million, buoyed by a 7% growth in revenue contributions from the gaming segment to $398.6 million from $374 million in the previous year.