Genting cautious on outlook after FY19 net profit of RM2b

Due to the Covid-19, Genting said demand for international travel was expected to decline in the near-term following the imposition of travel restrictions

KUALA LUMPUR: Genting Bhd posted net profit of RM1.99bil in the financial year ended Dec 31,2019, an increase of 46.1% from the RM1.36bil in FY18 but it remained cautious for this year due to the impact of the Covid-19 coronavirus,

It said on Thursday it expected the global economy to modestly improve in 2020 as market sentiments gradually recover following potentially lower global trade tensions.