Genting Malaysia posts RM240mil net profit in 4Q, declares 9 sen dividend

KUALA LUMPUR: Genting Malaysia Bhd remains cautious of the near-term prospects of the leisure and hospitality industry but is positive in the longer term.

“In Malaysia, the expected growth in regional tourism and domestic private consumption augurs well for the group’s strategy on increasing visitation and customer spending at Resorts World Genting (RWG). Though competitive pressures remain, the group will continue to focus on innovative marketing initiatives to expand customer reach whilst capitalising on value offerings to grow key business segments.