Morgan Stanley predicts a sequential decline of about 35 per cent.
Singapore.- Morgan Stanley Asia has predicted that Genting Singapore, the operator of Resorts World Sentosa (RWS), will post earnings before interest, taxation, depreciation, and amortisation (EBITDA) of SG$245m (US$180.9m) for the first quarter. The figure would represent a sequential decrease of 35 per cent and a decrease of 80 per cent when compared to the second quarter of 2019, before the Covid-19 pandemic.
Analysts Praveen Choudhary and Gareth Leung said the decrease is mainly due to seasonal factors, lower visitor numbers compared to the previous quarter, and a 23 per cent reduction in operational room capacity quarter-on-quarter.
In the first quarter of the year, the company posted revenue of SG$784.4m (US$580m), up 62 per cent in year-on-year terms and up 21 per cent when compared to the previous quarter. Adjusted earnings before interest, tax, depreciation, and amortisation (EBITDA) were SG$369.5m (US$273m), up 93 per cent year-on-year and 62 per cent sequentially. Net profit was SG$247.4m (US$183m).
See also: Analysts have positive outlook for Genting Singapore in 2024
Morgan Stanley predicts a sequential decline of about 35 per cent. Singapore.- Morgan Stanley Asia has predicted that Genting Singapore, the operator of Resorts World Sentosa (RWS), will post earnings before interest, taxation, depreciation,…
Participe da IGI Expo 2026: https://igi-expo.com/
O iGaming & Gaming International Expo - IGI, é um evento inovador criado para reunir empresas e empreendedores, profissionais, investidores, dos setores de iGaming e jogos. Com foco total em networking, exposição e feira de negócios. Além de ser uma fonte inigualável de informações sobre as tendências e o futuro das indústrias nos próximos anos.
📢 Receba em primeira mão notícias relevantes e fique por dentro dos principais assuntos sobre Igaming e Esportes no Brasil e o mundo. Siga no Whatsapp!
...
