Genting Singapore (STI : G13.SI) - Genting Singapore Q1 net profit skyrockets 17 times

Genting Singapore's Q1 net profit for 2017 was 16.7 times higher than in the first quarter of 2016, standing at S$181.1 million for the quarter ended March 31, it reported on last Friday (12 May).

More news, Genting Singapore Q1 net profit skyrockets 17 times
 
Weekly Chart of Genting Singapore.

Based on the past 2 quarters earning release, the positive results drove the share price.On the chart, the 2 quarters earning released date been stated on the affected trading week.

On 3 Nov 2016, Straits Times reported earnings at casino operator Genting Singapore more than doubled during the third quarter despite a slimmer revenue.

Net profit for the 3 months ended Sept 30, 2016 rocketed to $106.9 million, compared with the $37.2 million in the same period a year ago.

Detailed news, click below link :
Genting Singapore reports surge in Q3 earnings, surprises with interim dividend payout

Genting Singapore swung into the black with a net profit of S$159.19 million for the fourth quarter ended Dec 31, 2016, compared to a net loss of S$7.75 million a year ago, as reported by Business Times on 22 Feb 2017.

More news, Genting Singapore in the black with Q4 profit of S$159.19m

More upside for the share price with the recent positive news ? 


Source :
1) Metastock
2) www.straitstimes.com
3) www.businesstimes.com.sg