Genting Malaysia affected by Covid-19

In a statement, the group said the outlook for the tourism, leisure, and hospitality industries remained highly uncertain as recovery setbacks persist amid ongoing travel restrictions in response to the pandemic. “Consequently, the group maintains its cautious stance on the near-term prospects of the leisure and hospitality industry."

PETALING JAYA: Genting Malaysia Bhd’s net quarterly loss has widened by 15.7% year-on-year (y-o-y) to RM483.59mil.

The adverse impact to the group’s earnings was primarily due to the temporary closure of its businesses in Malaysia and the United Kingdom, in addition to the group’s properties operating at a reduced capacity in compliance with the respective government directives amid the pervasiveness of the Covid-19 pandemic.