Genting Bhd reported a 50% year-on-year increase in Q4 net profit, surpassing expectations. This strong performance was primarily driven by the sustained recovery in international tourism and robust operations across its resort properties, signaling a positive outlook for the leisure and hospitality sector.
Genting Bhd today announced encouraging fourth-quarter financial results, reporting a net profit of RM450 million, a 50% year-on-year increase, surpassing market expectations. This significant growth was primarily attributed to the continued robust recovery in international tourism and strong performance across its resort properties in Malaysia, Singapore, and the United States. Company revenue increased by 25% to RM720 million, with both gaming and hotel occupancy rates showing improvement. Management expressed optimism for sustained growth momentum in 2026, as global travel restrictions further ease and consumer confidence strengthens. Additionally, Genting Plantations Bhd also reported stable results, with its diversified business portfolio providing support despite fluctuating palm oil prices. These positive earnings figures instilled confidence in investors, pushing Genting Bhd's share price up 2.5% to RM4.90 today.
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