Genting posts third-quarter loss on British casino provisions

PETALING JAYA: Genting Bhd reported yesterday a net loss of RM40.4mil in its third quarter ended Sept 30, largely due to losses arising from impairment in the values of its casinos in Britain and power assets in China.

Excluding impairment losses and exceptional gains, the group made a lower gross profit of RM828.4mil against RM924.5mil in the previous corresponding period, mainly due to a drop in profit in its power division.