said the outlook for international tourism is expected to remain broadly positive, driven by strengthening global demand, improved air connectivity and the ongoing recovery in key markets.Meanwhile, it said economic growth is expected to continue in Malaysia, supported by external demand and steady domestic spending, while the inflationary environment is expected to be shaped by the implementation of domestic policies.
It said the lower profit was due to lower earnings before interest, tax, depreciation and amortisation and higher property, plant and equipment written off, partly mitigated by lower depreciation in 3Q24.Revenue, meanwhile, dropped to RM6.54bil from RM7.37bil in the previous corresponding quarter, owing mainly to the leisure and hospitality division.
The revenue from the leisure and hospitality businesses in the UK and Egypt in 3Q24 was higher mainly due to higher volume of business, leading to a higher Ebitda.