Genting Singapore Q4 Profit Drops

Genting Singapore PLC GIGNY reported a 30% decline in its net profit for the fourth quarter. Genting Singapore's quarterly net profit fell to 119 million Singapore dollars (US$87 million), from S$170 million, in the year-ago period. Its revenue shrank 8% to S$638 million. Gaming revenue slipped 9% to S$461.3 million. Adjusted earnings before interest, tax, depreciation and amortisation dropped 24% to S$190.2 million.