second-quarter financial results<\/a>, Genting Malaysia reported revenue of MYR2.92bn (US$691m), up 9.3 per cent year-on-year. Net profit attributable to shareholders reached MYR416.7m (US$98.6m), up 406.8 per cent, and adjusted earnings before interest, taxation, depreciation, and amortisation (EBITDA) was MYR1.03bn (US$243.7m), an increase of 33.6 per cent.<\/p>\n\n\n\nSome 61.1 per cent of revenue, or MYR1.78bn (US$421.3m), was from the group\u2019s Malaysian leisure and hospitality business, including Resorts World Genting and some non-gaming resort assets. Genting Malaysia\u2019s UK and Egypt operating segment produced second-quarter revenue of MYR511.2m (US$121m), up 9 per cent. The US and the Bahamas generated MYR576m (US$136.3m), up 9.1 per cent.<\/p>\n","protected":false},"excerpt":{"rendered":"
The firm acquired 900,000 ordinary shares on October 7, and another 827,200 the following day.<\/p>\n","protected":false},"author":218,"featured_media":777027978,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Genting Berhad has increased its stake in its listed subsidiary, casino operator Genting Malaysia, by acquiring an aggregate of 1,727,200 ordinary shares. This follows Genting Malaysia's robust second-quarter financial performance, which saw revenue rise 9.3% year-on-year to MYR2.92bn and net profit attributable to shareholders surge 406.8% to MYR416.7m, driven by strong contributions from its global leisure and hospitality segments.","focusai_entities":"Genting Berhad, Genting Malaysia, Bursa Malaysia, Resorts World Genting","focusai_location":"Malaysia, UK, Egypt, US, Bahamas","focusai_target_profile":"ceo_executive (1.0), operator_casino (0.9), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Genting Berhad Strategy","query":"What is the strategic rationale behind Genting Berhad's increased stake in Genting Malaysia, and how does this align with the group's broader capital allocation and market expansion objectives?"},{"label":"Q2 Performance Drivers","query":"Which specific operational segments or market conditions were the primary drivers for Genting Malaysia's exceptional 406.8% net profit growth in Q2, and are these trends sustainable given current macroeconomic factors?"}],"footnotes":""},"categories":[163,16333,24566],"tags":[19394],"class_list":["post-777032998","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-news","category-south-east-asia-news","category-uncategorized","tag-genting-malaysia"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777032998","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/218"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777032998"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777032998\/revisions"}],"predecessor-version":[{"id":777033001,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777032998\/revisions\/777033001"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/777027978"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777032998"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777032998"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777032998"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}