Lower impairment losses has pushed Genting Malaysia BHD’s profit higher to RM577.21 million (US$129.93 million) in the third quarter, the company announced before the Bursa Malaysia on Thursday.

For July to September 2016 period, Genting BHD saw its net profit surge by 60 percent from RM361.09 million (US$81.28 million). Genting BHD, however, saw its net profit for the nine-month period drop by 4.5 percent from RM1.002 billion (US$225.55 million) last year.

Genting BHD reported that its Resorts World Sentosa saw its gaming and non-gaming attractions drop in the third quarter. However, adjusted earnings before interest, tax, depreciation and amortization (EBITDA) improved year-on-year arising from cost efficiency initiatives implemented during the preceding quarter, as well as lower impairment of trade receivables in July to September period.

As for its Resorts World Genting, Genting BHD said that its Malaysian business saw higher revenue as a result of higher hold percentage from the mid to premium segment of the business even though business volumes were lower.