Thursday 2 May 2013

Dividend Chaser in Genting Lower earnings for 1Q2013

(From Article)

Genting Singapore's January-March adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) fell to $249.7 million from $381.4 million a year ago.

Five analysts polled by Reuters had on average expected a profit of $359 million by the casino operator, which is more than half owned by Malaysia's Genting Bhd (GENT.KL).

Sands' rolling chip volume, or betting volume by VIP players, at its Marina Bay Sands in Singapore rose 42.2% to US$18.21 billion ($22.4 billion) in the quarter, the highest quarterly volume in the property's history.

Share price falls to 1.49 on 3May2013.

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