Genting Profit Declines With Takings at Singapore Gaming Resort:
Genting Bhd. (GENT), parent of Asia’s second-biggest casino operator by market value, said second- quarter profit fell 9 percent, dragged down by lower takings at its Singapore gaming resort. Net income for the three months ended June 30 slid to 673.2 million ringgit ($225 million), or 18.17 sen a share, from 739.2 million ringgit, or 20 sen, a year earlier, the company said in a filing to the Kuala Lumpur stock exchange late yesterday. Revenue climbed to 4.5 billion ringgit from 4.1 billion ringgit.