--- title: "Genting Singapore shares up 4.8% despite H1 profit drop" type: "News" locale: "en" url: "https://longbridge.com/en/news/295867494.md" description: "Genting Singapore shares rose up to 4.8% on Aug 14, defying a 33.5% drop in first-half profit to S$156.1 million. The decline was attributed to higher depreciation, lower interest income, and asset refresh works. However, revenue remained stable, falling only 0.9% to S$1.2 billion, supported by a 6% year-on-year increase in non-gaming revenue." datetime: "2026-08-14T01:30:29.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/295867494.md) - [en](https://longbridge.com/en/news/295867494.md) - [zh-HK](https://longbridge.com/zh-HK/news/295867494.md) generator: "portal-rs" --- # Genting Singapore shares up 4.8% despite H1 profit drop \[SINGAPORE\] Shares of Genting Singapore rose as much as 4.8 per cent on Friday (Aug 14), despite a first half profit drop of 33.5 per cent reported on Thursday. The resort and casino operator’s H1 profit clocked in at S$156.1 million, down from S$234.7 million a year earlier. This was largely due to higher depreciation, lower interest income and asset refresh works, the group said. Still, revenue only fell 0.9 per cent to S$1.2 billion due to support from non-gaming revenue growth. The segment brought in revenue of S$388.6 million, up about 6 per cent year on year. The counter on Friday rose as high as S$0.655, adding about S$0.03 in the first five minutes of trading as 29.5 million securities changed hands. ### Related Stocks - [G13.SG](https://longbridge.com/en/quote/G13.SG.md) ## Related News & Research - [Genting Singapore (GIGNF) was downgraded to a Hold Rating at DBS](https://longbridge.com/en/news/286173062.md) - [Genting Singapore Q1 after-tax profit drops 55 per cent to S$65.2 million on lower gaming revenue](https://longbridge.com/en/news/286174085.md) - [6K Additive: Revenue rose 61% YoY as record backlog and expansion funding positioned growth](https://longbridge.com/en/news/302999636.md) - [Sembcorp, Nxera partner to supply low-carbon energy to AI data centres](https://longbridge.com/en/news/303026703.md) - [Keppel’s RigCo and Seatrium to finish four rigs in $500m deal](https://longbridge.com/en/news/303019982.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**