THE following companies saw new developments that may affect trading of their securities on Thursday (Aug 15):
Singtel: The telco on Thursday posted a 42.9 per cent increase in net profit to S$690 million for the first quarter ended Jun 30, from S$483 million in the corresponding year-ago period. Singtel attributed this to a net exceptional gain arising from the dilution of its effective equity shareholding in Airtel, tower sales by regional associate Globe, as well as share of Airtel’s net exceptional gain. The counter closed 1.4 per cent or S$0.04 higher at S$2.91 on Wednesday.
Genting Singapore: The resort and casino operator reported a 29 per cent increase in profit for the first half of the year to S$356.9 million. The rise was broadly in line with revenue, which climbed 25 per cent to S$1.36 billion. Gaming revenue from the company’s Singapore integrated resort rose 28 per cent to S$957.6 million, while non-gaming revenue increased 19 per cent to S$397.9 million. Shares of Genting Singapore closed on Wednesday at S$0.815, up 1.9 per cent or S$0.015, before the results were released.
