Earnings release
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GENTING SINGAPORE Genting Singapore Limited ( Company Registration No. 201818581G ) 10 Sentosa Gateway , Resorts World Sentosa , Singapore 098270 QUARTERLY BUSINESS OVERVIEW Genting Singapore Limited ( the " Company " ) wishes to provide its shareholders with a quarterly business overview of the Company and its subsidiaries ( the " Group " ) in respect of the three months ended 30 September 2021 , as follows : Revenue Singapore Integrated Resort ( " IR " ) - Gaming - Non - gaming Others 2 Third Quarter ended 30 September Second Quarter ended 30 June 2021 2020 Change $ ' 000 $ ' 000 % 2021 $ ' 000 Change % 194,714 212,920 226,050 ( 14 ) 56,197 59,906 ( 6 ) 50,323 12 608 28,171 ( 98 ) 507 20 251,519 300,997 ( 16 ) 276,880 ( 9 ) Results for the period Singapore IR 107,960 145,259 ( 26 ) 153,880 ( 30 ) Others 2 ( 5,428 ) 3,780 NM ( 5,871 ) ( 8 ) Adjusted EBITDA³ 102,532 149,039 ( 31 ) 148,009 ( 31 ) Net exchange gain / ( loss ) relating to investments , share - based payment and other income / ( expenses ) 3 34,724 ( 18,715 ) NM ( 13,356 ) NM 3 , 4 EBITDA 137,256 130,324 5 134,653 2 Net profit after taxation NM : Not meaningful 60,706 54,445 11 53,687 13 The Group's adjusted earnings before interest , tax , depreciation and amortisation ( “ Adjusted EBITDA " ) deteriorated from the last quarter , resulting in a 31 % dip from the same period last year due to the series of enhanced safe management measures introduced to curb the surge of new community cases . Such measures included reduction in group size for social gathering and prohibition of dining - in at Food and Beverage ( F & B ) establishments . While most of our key offerings at Resorts World Sentosa ( " RWS " ) remained operational , these were at considerably lower levels . Notes : 1 2 3 4 Financial information presented in this quarterly business overview was prepared based on the management accounts of the Group and the same has not been audited nor reviewed by the Company's auditors . Potential investors and shareholders of the Company are advised to exercise caution and not to place undue reliance on this quarterly business overview when dealing in the shares of the Company . Others represent the investment business along with other hospitality and support services . Adjusted EBITDA is based on a measure of adjusted earnings before interest , tax , depreciation , amortisation and share of results of joint venture , excluding the effects of share - based payment , net exchange gain / ( loss ) relating to investments and other income / ( expenses ) which include but not limited to impairment / write - off / gain / ( loss ) on disposal of property , plant and equipment , pre - opening / development expenses and other non - recurring adjustments . Net exchange gain / ( loss ) relating to investments , share - based payment and other income / ( expenses ) for the third quarter ended 30 September 2021 included a write - back of accounting accruals now no longer needed of $ 45.9 million made in prior periods relating to the Yokohama IR Bid . 1