Genting posts lower Q1 net profit on provision


  • Business
  • Thursday, 23 May 2019

KUALA LUMPUR: Genting Bhd is reviewing spending plans and cost structures in Malaysia following recent hikes in casino duties, while a provision on a terminated project impacted its first quarter earnings.

Earnings in the three months ended March 31 fell 6.8% to RM561.6mil from RM602.7mil made a year ago.

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