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Genting Singapore swings out of the red in 2Q on disposal gain, improved revenue

Stanislaus Jude Chan
Stanislaus Jude Chan8/2/2017 05:58 PM GMT+08  • 2 min read
Genting Singapore swings out of the red in 2Q on disposal gain, improved revenue
SINGAPORE (Aug 2): Genting Singapore has posted earnings of $143.3 million for the 2Q17 ended June, from a net loss of $10.5 million a year ago.
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SINGAPORE (Aug 2): Genting Singapore has posted earnings of $143.3 million for the 2Q17 ended June, from a net loss of $10.5 million a year ago.

This brings earnings for the 1H17 to $324.4 million, from $305,000 a year ago.

The improvement was mainly due to the group’s disposal of its 50% interest in an integrated resort in Jeju, Korea that reaped a gain on disposal of $96.3 million.

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