Genting Singapore falls after posting losses, cutting dividend

Singapore

SHARES of Genting Singapore tumbled 4.9 per cent on Friday, after the resort operator on Thursday posted its worst quarterly performance since Resort World Sentosa's (RWS) opening in 2010.

Genting Singapore logged a S$163.3 million net loss for the second quarter ended June, reversing from a S$168.4 million net profit a year ago. It did not declare an interim dividend for H1, a move which surprised analysts.

The lack of interim dividend is a turnaround from the 1.5 Singapore cents per share payout a year ago. However, Genting Singapore intends t…

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