Genting Berhad announced a 45% surge in net profit for Q4 FY2025, reaching RM320 million, exceeding market expectations. The sustained recovery of the global tourism industry, particularly its operations in Malaysia and Singapore, was the primary driver of profit growth. The company's shares rose 3% today.
Genting Berhad today announced encouraging results for the fourth quarter of FY2025, with net profit surging 45% year-on-year to RM320 million, significantly exceeding analysts' consensus forecasts. Revenue also grew by 20% to RM6.5 billion. This robust performance was primarily driven by the sustained recovery of the global tourism industry, particularly the significant increase in visitor numbers and spending at Resorts World Genting in Malaysia and Resorts World Sentosa in Singapore. Company management stated that with further easing of international travel restrictions and improving regional economies, business is expected to maintain its growth momentum in the coming quarters. Influenced by this positive news, Genting Berhad shares rose 15 sen today to close at RM5.15, with active trading. Analysts are optimistic about Genting's future prospects and have raised their target prices.
Share: