The firm acquired 900,000 ordinary shares on October 7, and another 827,200 the following day.
Malaysia.- Genting Berhad has acquired an aggregate of 1,727,200 ordinary shares in its listed subsidiary, casino operator Genting Malaysia, according to announcements filed with Bursa Malaysia. The firm acquired 900,000 ordinary shares on October 7 and 827,200 the following day.
In its second-quarter financial results, Genting Malaysia reported revenue of MYR2.92bn (US$691m), up 9.3 per cent year-on-year. Net profit attributable to shareholders reached MYR416.7m (US$98.6m), up 406.8 per cent, and adjusted earnings before interest, taxation, depreciation, and amortisation (EBITDA) was MYR1.03bn (US$243.7m), an increase of 33.6 per cent.
Some 61.1 per cent of revenue, or MYR1.78bn (US$421.3m), was from the group’s Malaysian leisure and hospitality business, including Resorts World Genting and some non-gaming resort assets. Genting Malaysia’s UK and Egypt operating segment produced second-quarter revenue of MYR511.2m (US$121m), up 9 per cent. The US and the Bahamas generated MYR576m (US$136.3m), up 9.1 per cent.
The firm acquired 900,000 ordinary shares on October 7, and another 827,200 the following day. Malaysia.- Genting Berhad has acquired an aggregate of 1,727,200 ordinary shares in its listed subsidiary,…
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