News Formal

Genting Bhd Q2 net loss narrows to RM563.53m on higher adjusted earnings | Malay Mail

  • 📰 malaymail
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 86%

United States News News

United States United States Latest News,United States United States Headlines

KUALA LUMPUR, Aug 27 — Genting Bhd’s net loss narrowed to RM563.53 million in the second quarter ended June 30, 2021 (Q2 FY2021) from a net loss of RM786.05 million. Genting told the stock exchange the lower net loss in Q2 FY2021 was due to higher adjusted earnings before interest, tax,...

KUALA LUMPUR, Aug 27 — Genting Bhd’s net loss narrowed to RM563.53 million in the second quarter ended June 30, 2021 from a net loss of RM786.05 million.

Revenue during the quarter under review rose more than two-fold to RM2.94 billion from RM1.11 billion previously, mainly contributed by the leisure and hospitality segment, it said. “Revenue and EBITDA from the power division increased mainly due to higher net generation from the Indonesian Banten plant, while the oil and gas division recorded higher revenue and EBITDA mainly due to higher average oil prices in the second quarter,” it said.

“The decline came primarily from the leisure and hospitality segment, which was partially offset by improved performance in the plantations segment.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Kenanga Investment Bank’S Q2 net profit rises to RM30.57m | Malay MailKUALA LUMPUR, Aug 26 — Kenanga Investment Bank Bhd’s net profit for the second quarter (Q2) ended June 30, 2021, rose to RM30.57 million from RM20.47 million posted in the same quarter last year. Revenue increased to RM212.64 million from RM210.61 million previously, mainly due to higher...
Source: malaymail - 🏆 1. / 86 Read more »