Magnum posts lower Q4 profit but 126% higher full-year earnings

TheStar Fri, Feb 21, 2020 09:00am - 4 years View Original


Magnum 4D outlet at Genting

PETALING JAYA: Magnum Bhd has posted a 22.79% decline in net profit year-on-year (y-o-y) at RM56.29mil for the fourth quarter ended Dec 31,2019 on the back of lower contributions from its gaming division.

This was, however, mitigated by higher income recorded by its investment holding and others division.

Its revenue for the quarter also saw a 12.9% y-o-y decline to RM630.93mil.

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