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Genting Singapore Ltd Q1 FY19 Results – Higher Capex & Lower FCF This Quarter
By A Path to Forever Financial Freedom (3Fs)  •  May 10, 2019
This will be just a quick update on their latest quarterly results since my last article on them which I wrote in March (here) and April (here) recently. Genting Singapore Ltd reported its Q1 FY2019 results yesterday evening which saw topline revenue and gross profit dropped by 5% and 16% respectively to $640m and $289m. Net profit as a result dropped year on year by 5% to $205m, which was arguably their weakest quarter. Whilst the non-gaming business registered its eight consecutive quarter of year on year growth with higher occupancy and higher spend, the gaming business continued to struggle once again as revenue dropped by 8% year on year and 3% quarter on quarter. The gaming business took up 2/3 of the overall business so it is imperative that this drop will impact the overall earnings for Genting. Balance sheet continues to remain strong as the company continues...
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By A Path to Forever Financial Freedom (3Fs)
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