Posted by Tobby > 2022-05-28 16:27 | Report Abuse

When i look at Genm latest result, i was kinda suprise! Why, because despite reporting fantastic revenue, you get red instead!
Then it only occurs to me that we have cukai makmur this year! So yeah! Don't be suprise PLCs not reporting profit! Instead they dump their profit into clearing their debts! Which is what happen to Genm i think!
But overall, i am very satisfy with Genm result! It's good! Good that they use their profit into clearing up more important issues!
As for Genting, i realise 2 of their divisions not really in good condition! Even palm division has been underperforming! So hence, the not so encouraging result!

Posted by Tobby > 2022-05-28 16:30 | Report Abuse

It's not fake report! Just payoff debts more! Or would you rather waste it paying cukai makmur!

Posted by gohkimhock > 2022-05-28 16:31 | Report Abuse

Don't be silly. You think auditors will sign off fake reports at the end? You know the consequences?

Posted by Tobby > 2022-05-28 16:31 | Report Abuse

Beside Genm has tons of OPEX this year! Especially on expansion of Empire resort!

Posted by gohkimhock > 2022-05-28 16:32 | Report Abuse

paying off debts needs cash flow. Profit must be turned into cash can only settle outside debts.

Posted by Tobby > 2022-05-28 16:34 | Report Abuse

Goh! Thanks for correcting me!

Posted by gohkimhock > 2022-05-28 16:35 | Report Abuse

You are welcome :)

Posted by WinBigOrLoseAll > 2022-05-28 17:01 | Report Abuse

accountant always can come out with fantasy idea, the big amortization is the trick