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Malaysia's Genting net profit drops 23.6 pct as Singapore gaming unit drags

Friday, November 21, 2014 - 18:48
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Malaysia's Genting , which controls Southeast Asia's largest casino operator, said on Friday that third-quarter net profit fell 23.6 per cent, mainly because of a weaker performance by its Singapore gaming unit.

[KUALA LUMPUR] Malaysia's Genting , which controls Southeast Asia's largest casino operator, said on Friday that third-quarter net profit fell 23.6 per cent, mainly because of a weaker performance by its Singapore gaming unit.

Net profit for July-September dropped to 352.7 million ringgit (US$105.21 million) from 462 million ringgit a year earlier, according to a local stock exchange filing.

REUTERS