Kuala Lumpur

Covid-19 closures push Genting into the red with RM133m quarterly loss

KUALA LUMPUR (May 21): Following the temporary closure of the group’s resorts and casinos worldwide due to the Covid-19 outbreak, Genting Bhd sank into the red with a net loss of RM133.32 million for the first quarter ended March 31, 2020 (1QFY20), from a net profit of RM561.64 million last year. Revenue came in 26.26% lower at RM4.11 billion versus ...

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