the company said earnings in the previous corresponding period were affected by an impairment loss of RM1.83bil on subsidiary Genting Malaysia Bhd’s investment in the promissory notes issued by the Mashpee Wampanoag Tribe to finance its development of an integrated gaming resort in the United States.
PETALING JAYA: Genting Bhd
has recorded a net profit of RM305.68mil for its third quarter ended Sept 30, compared with a net loss of RM275.80mil in the previous corresponding period.
In a filing with Bursa Malaysia, the company said earnings in the previous corresponding period were affected by an impairment loss of RM1.83bil on subsidiary Genting Malaysia Bhd’s investment in the promissory notes issued by the Mashpee Wampanoag Tribe to finance its development of an integrated gaming resort in the United States.
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