Genting Singapore 1HFY2023 earnings triples to $276.7 million

The Edge Singapore
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Genting Singapore plans to pay an interim dividend of 1.5 cents, up from 1 cent interim dividend paid last year

Thanks to a recovery in the hospitality industry, Genting Singapore has reported earnings of $276.7 million for 1HFY2023, up 227.6% y-o-y, on the back of 63% jump in revenue to $1.08 billion.

Gaming revenue accounted for three-quarters of the total, or $747 million, versus $475.2 million in the year-earlier 1HFY2022. Non-gaming revenue came in at $327 million, up from $176.8 million.

Genting Singapore plans to pay an interim dividend of 1.5 cents per share, an improvement over the one cent payout for 1HFY2022.

Separately, the company announced the appointment of Lee Shi Ruh as the president of Resorts World Sentosa with effect from Sept 1, reporting to Tan Hee Teck, RWS's chairman and CEO. She joined the company in 2010 and is now the chief people officer.

Genting Singapore shares closed at 92 cents, unchanged for the day and down 3.16% year to date.

 

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