KUALA LUMPUR, May 28 — Genting Malaysia Bhd's pre-tax profit for the first quarter ended March 31, 2015 rose three per cent to RM475.232 million from RM463.231 million in the same quarter a year ago.
The group's total revenue also increased by three per cent to RM2.093 billion compared with RM2.026 billion last year, it said in a filing to Bursa Malaysia.
The Malaysian business contribution to the revenue was up by two per cent to RM1.392 billion in the first quarter, primarily due to the overall higher volume of business despite lower hold percentage in the premium players business.
"The group's core business, Resorts World Genting, continues to show resiliency in spite of the ongoing redevelopment works under the Genting Integrated Tourism Plan and the uncertainties affecting the Asian premium players market," it said.
The outlook for international tourism in 2015 is expected to be encouraging, with growing demands albeit at a slower rate.
Regional gaming operators in Macau and Singapore continue to see a slowdown in gaming revenues as the Asian premium players market remains challenging. — Bernama
