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Malaysia's Genting Q1 net profit up 24.6%

[KUALA LUMPUR] Malaysian conglomerate Genting Bhd on Thursday posted a 24.6 per cent rise in first-quarter net profit, partly driven by gains on the disposal of financial assets.

Net profit for January-March climbed to RM620 million (S$230.4 million) from RM497.5 million in the same quarter a year earlier. Revenue shed 6.9 per cent to RM4.37 billion.

REUTERS