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Genting's Q3 net profit down by almost 24%

Published Fri, Nov 21, 2014 · 09:50 PM
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Kuala Lumpur

MALAYSIAN conglomerate Gen-ting posted a 23.6 per cent drop in third-quarter profit on Friday, dragged lower by the impact of falling revenue from big money gamblers on its Singapore unit, South-east Asia's largest casino operator.

Group net profit for July-September dropped to RM352.7 million (S$137 million) from RM462 million a year earlier, according to a local stock exchange filing.

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