Malaysia's Genting Bhd said today its net profit for the third quarter ended September 30 fell 45 per cent to RM190.3 million from RM347.1 million the same quarter a year ago.
The gaming-to-power group said the weaker performance stemmed mainly from impairment losses as well as higher depreciation costs.
Genting said revenue dropped to RM1.943 billion from RM2.316 billion a year earlier.
The company's shares closed 2 per cent lower at RM8.82 a share on Thursday, compared with the broader market's 0.05 per cent rise. - REUTERS
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 3089 views | 2 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
benson911
2moro genting may drop another 2% i guess....
2012-11-29 21:18