PETALING JAYA: Genting Bhd has posted an 88% decline in net profit for the fourth quarter ended Dec 31, 2017 due to higher impairment losses, as well as a one-off gain from the disposal of its stake in Genting Hong Kong Ltd a year earlier.
Its net profit for the quarter came in at RM133.15mil from RM1.13bil previously, on the back of a 10.7% jump in revenue to RM5.26bil compared to RM4.75bil a year earlier.
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