Genting Singapore Full Year 2022 Earnings: Revenues Beat Expectations, EPS Lags
Genting Singapore (SGX:G13) Full Year 2022 Results
Key Financial Results
Revenue: S$1.73b (up 62% from FY 2021).
Net income: S$340.1m (up 86% from FY 2021).
Profit margin: 20% (up from 17% in FY 2021). The increase in margin was driven by higher revenue.
EPS: S$0.028 (up from S$0.015 in FY 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Genting Singapore Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 2.6%. Earnings per share (EPS) missed analyst estimates by 12%.
Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Hospitality industry in Singapore.
Performance of the Singaporean Hospitality industry.
The company's share price is broadly unchanged from a week ago.
Balance Sheet Analysis
Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. See our latest analysis on Genting Singapore's balance sheet health.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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