By Martin Mou
Genting Singapore Ltd. (G13.SG) reported a 24% drop in its third-quarter net profit from a year ago, mainly due to lower revenue from its gaming business.
Net profit in the September quarter was 158.9 million Singapore dollars (US$116.9 million), down from S$210.4 million in the same period a year ago, the casino and resorts operator said in a filing to the Singapore Exchange on Thursday.
Revenue declined 7% on year to S$596.1 million, it said.
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