JUN. 7, 2018
With the highly anticipated Twentieth Century Fox World Theme Park set to open this year, Malaysian-based casions and integrated resorts operator Genting Bhd has posted a 9.8% drop in net profit to in the first quarter of the year on the back of 10% growth in revenue to MYR5.25 billion (US$1.3 billion).
While earnings were boosted by improved revenue at its Resorts World Genting (RWG) unit, the group advised that lower earnings was due to the lack of one-time gain that boosted its performance the same corresponding period last year.
Preparing to roll-out its new Skytropolis indoor theme park and the world’s first Twentieth Century Fox World Theme Park at its Resorts World Genting property near Kuala Lumpur, the increased revenue, was partially offset by higher costs incurred for the new facilities.