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FINWIRES

Genting Singapore's Net Profit Declines 55% in Q1

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Genting Singapore's (SGX:G13) net profit after tax fell 55% in the first quarter of the year to SG$65.2 million from SG$145.0 million a year earlier, according to a Tuesday filing with the Singapore Exchange.

Revenue also dropped 3% year over year to SG$607.6 million from SG$626.2 million, largely due to diminished returns from the gaming segment.

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