PETALING JAYA: Genting Bhd’s net profit for its first quarter to end March was down 9.8% to RM602.7mil due to one-off gains recorded during the same quarter a year ago.
The group’s profit in the previous corresponding quarter had included a gain of RM302.2mil recognised from the completion of its disposal of Genting Singapore PLC Group’s 50% interest in its associate, Landing Jeju Development Co Ltd, as well as a gain of RM85.8mil on the disposal of available-for-sale financial assets.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!