A disposal of available-for-sale financial assets has boosted Genting BHD’s net profit for the second quarter of the year by as much as 57 percent, the company reported.

In a regulatory filing, Genting BHD announced that its April to June 2017 net profit expanded to RM456.33 million (US$106.81 million) compared to RM289.82 million (US$67.83 million) a year earlier. Revenue in the quarter rose 17.22 percent year-on-year to RM4.95 billion (US$1.16 billion).

The group attributed the second quarter growth to its gaming business in Malaysia, Singapore, the UK, and U.S. and the disposal of Genting Singapore PLC Group’s 50 percent interest in its associate, Landing Jeju Development Co Ltd.

Data showed that Genting gained RM302.2mil (US$70.73 million) after the sale.