Resorts operator Genting Malaysia narrows losses in Q2

KUALA LUMPUR (Bernama) -- Genting Malaysia Bhd’s (GENM) net loss for the second quarter ended June 30, 2021 (Q2 2021) narrowed to RM348.11 million from RM900.42 million net loss posted in the same quarter last year.

Revenue jumped to RM817.87 million from RM114.91 million previously mainly due to higher revenue recorded from the leisure and hospitality businesses in the United States (US) and Bahamas, Malaysia, United Kingdom (UK) and Egypt, GENM said in a filing with Bursa Malaysia today.