Genting Malaysia profit up 117% in Q2

Genting Malaysia reported a doubling of profits in the second quarter of 2018 compared to the same period last year, in a filing with the Bursa Malaysia.

The company had a profit of MYR378.3 million ($91.6 million) for the months April to June, 117% higher than MYR174 million ($42.1 million) reported in the same period last year.

Revenue was MYR2.42 billion ($586 million), a 5.7% increase from last year’s second-quarter revenue of MYR2.29 billion ($554 million). The company also noted an adjusted EBITDA for the period of MYR701.8 million ($170 million), 31% higher than the previous year period.

Of the total revenue, MYR1.59 billion ($385 million) came from the casino operator’s leisure and hospitality businesses in Malaysia, where EBITDA grew 24% to MYR540.2 million ($130.8 million).