Resorts World Sentosa publicized its financial outcomes for the initial six months of 2021, showcasing a 23.8% surge in earnings compared to the equivalent period the previous year.
The gambling establishment’s overall revenue reached S$554.8 million (GBP 295.3 million/EUR 348.3 million/USD 408.6 million), an increase from S$448.2 million in the same timeframe last year.
Gaming revenue contributed S$442.9 million to the total, a 61.4% rise. Hotel room revenue was S$45.3 million, experiencing a 10.1% decrease, while attractions and other non-gambling pursuits generated S$30.1 million and S$28.9 million, respectively, declining by 51.9% and 11.0%.
Rental income accounted for an additional S$7.5 million of total revenue, a 27.0% drop, while hotel, support services, and other income were only S$78,000, compared to S$18.2 million in the same period last year.
The six-month total cost of goods sold was S$346.9 million, a significant decrease from S$481.4 million in the initial half of 2020. This resulted in a gross profit of S$207.9 million for the operator, compared to a gross loss of S$33.2 million in the same period last year.
Other operational income was S$3.1 million, a 64.7% decrease, and total interest income was S$7.9 million, down 75.3%.
Administrative expenses were S$90.8 million, compared to S$86.9 million in 2020, and sales and distribution costs were S$6.4 million, compared to S$13 million in 2020.
Other operational expenses were S$721,000, a 97.5% decrease from S$2.8 million in 2020.
During the year 2020, 3M’s expenditures were…
Following a 41.2% surge in affiliated company revenue to S$66.5 million and a 10.5% reduction in financing costs to S$18 million, the firm’s profit before taxes reached S$119.9 million, in contrast to a pre-tax loss of S$122 million in the initial six months of 2020.
These expenditures led to an operating profit of S$121 million for the organization, compared to an operating deficit of S$120.5 million in the first half of 2020.
After settling S$31.7 million in taxes, in contrast to a tax benefit of S$5.4 million in the preceding year, Genting recorded a net profit of S$88.2 million, compared to a net loss of S$116.7 million in 2020.
Fluctuations in foreign exchange rates yielded the company a gain of S$1.7 million, compared to a loss of S$1.1 million in 2020, resulting in a total comprehensive income of S$90 million for the period, compared to a total comprehensive loss of S$117.8 million in 2020.
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