PETALING JAYA: Going by Genting Singapore Ltd’s results for the first quarter of financial year 2022 (1Q22), the Genting group of companies is poised to see a recovery in earnings following the removal of pandemic-related constraints.
Genting Singapore, which is 52.7%-owned by Bursa Malaysia-listed Genting Bhd
, reported a core profit of S$43.5mil (RM137.19mil) in 1Q22 from S$12mil (RM37.85mil) in the preceding quarter.
Kenanga Research said the results were within expectations and stronger forward earnings are anticipated following the island-state reopening its international borders to fully vaccinated travellers from April 1.
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