Tag Archives: Tan Hee Teck

Derivative asset declines & XE impacts see Genting Singapore hit the red

SBC News Derivative asset declines & XE impacts see Genting Singapore hit the red

Exchange rate impacts combined with a decline in derivative asset values have swung Getting Singapore into the red, as the Asian gambling operator declared combined losses of SGD $16.9 million (£7.7 million) for its Q2 2015 performance (period ending 30 June). Ahead of its performance update, Genting governance had issued a profit warning to the Singapore stock exchange. Genting would …

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