The Business Times

Sim Leisure to report ‘substantial’ comprehensive profit for FY2022

Sharanya Pillai

Sharanya Pillai

Published Thu, Jan 19, 2023 · 06:28 PM
    • The turnaround is due to an increase in the company’s revenue derived from theme park operations.
    • The turnaround is due to an increase in the company’s revenue derived from theme park operations. PHOTO: PIXABAY

    THEME park operator Sim Leisure on Thursday (Jan 19) announced that it will register “substantial” comprehensive profit for FY2022 ended December, reversing the year-ago loss.

    The turnaround is due to an increase in the company’s revenue derived from theme park operations, following the easing of pandemic restrictions by the Malaysian government.

    Another factor is the cooperation fee income from Sim Leisure Gulf Contracting, arising from the cooperation agreement entered between the company’s 60 per cent-owned subsidiary, Sim Leisure Creative, and SL Gulf.

    Sim Leisure shares closed flat at S$0.255 on Thursday.

    Sim LeisureFinancial results

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