Genting’s cost control to mitigate virus impact

For the quarter in review, the Genting group suffered a net loss of RM132.3mil, compared with a net profit of RM561.6mil previously.

PETALING JAYA: Amid the challenges posed by the Covid-19 pandemic, Genting Bhd posted a lower revenue of RM4.1bil for the first quarter (Q1) ended March 31,2020, compared with RM5.6bil in the previous corresponding quarter.

In a statement, the diversified conglomerate noted that the revenue and adjusted earnings before interest, tax, depreciation and amortisation (Ebitda) of Resorts World Sentosa decreased 37% and 53%, respectively, in Q1.