KUALA LUMPUR, Aug 28 — Genting Malaysia Bhd recorded a net loss of RM900.42 million in the second quarter ended June 30, 2020 (Q2 2020), against a net profit of RM416.48 million recorded in the same period last year.
In a filing with Bursa Malaysia, the group said its revenue plunged to RM114.91 million versus the RM2.60 billion secured a year ago.
“The group’s operating performance was severely impacted by the temporary closure of its resort operations worldwide amid the Covid-19 pandemic.
“Nevertheless, several properties have resumed operations with limited capacity since mid-June 2020,” the resorts and casino operator said.
The company said as the pandemic situation continues to evolve, the tourism, leisure and hospitality and gaming industries may see slow recovery.
In a separate filing, Genting Malaysia also announced that its chairman and chief executive Tan Sri Lim Kok Thay has been re-designated as deputy chairman and chief executive of the company today.
— Bernama
