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

Michelle Zhu
Michelle Zhu2/22/2017 06:10 PM GMT+08  • 3 min read
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.
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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.

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