Genting Bhd announced strong fourth-quarter results, with net profit surging 45% year-on-year, primarily driven by the ongoing recovery in global tourism and leisure sectors.
Integrated resort operator Genting Bhd reported impressive fourth-quarter results, with net profit surging 45% year-on-year to RM320 million, surpassing market expectations. Revenue also grew by 20% to RM7.5 billion. This strong performance was primarily attributed to the ongoing recovery of its leisure and hospitality operations across Malaysia, Singapore, and the US, particularly amidst a robust rebound in the tourism sector. The company's management expressed optimism for the 2026 outlook, expecting continued influx of international tourists to further boost its businesses despite macroeconomic challenges. Genting's share price climbed 3.0% to RM4.80 following the announcement, reflecting investor confidence in its growth prospects.
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