, Singapore

Genting warns of ‘significant’ profit decline for Q2

Due to massive forex losses.

Genting Singapore today warned shareholders that it will report a ‘significant’ profit decline for the second quarter.

This is due mainly to fair value loss on derivative financial instruments as a result of unfavourable market conditions and unrealised foreign exchange translation losses.

However, Genting said that it expects its adjusted EBITDA for Q2 to be comparable to the preceding quarter.

Genting will report its results on 13 August 2015. 

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!