Sim Leisure Group sees 2018 profit more than quadruple to RM6.1m
Boost came mainly from surge in revenue from its two Penang theme parks
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Singapore
CATALIST-listed Sim Leisure Group posted a more than fourfold rise in net profit for fiscal 2018 to RM6.1 million (S$2.0 million) from RM1.3 million a year ago, thanks to a surge in revenue from its two Penang theme parks, the company announced before market open on Friday.
Revenue for the year ended Dec 31, 2018, came in at RM21.2 million, more than doubling from RM9.7 million the year before, driven by the full year contribution from Escape Waterplay, the group's second theme park in Penang which opened in November 2017 and which contributed only one month of takings in 2017.
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