Genting Bhd Thursday announced that pre-tax profit for its financial year ended Dec 31, 2009, increased to RM2.528 billion from RM1.735 billion in the previous year.
Revenue, however, fell to RM8.894 billion from RM9.082 billion, mainly due to a decrease in revenue from the plantation division, the company said in a statement.
Total revenue from Genting Malaysia Bhd's Resorts World Genting was affected by the weaker luck factor in the premium players business although the overall business volume was higher, it said.
Although revenue from the UK casinos declined as a result of lower business volume and lower win percentage arising from poor luck factor and further exacerbated by the weakening of the pound against the ringgit, there was an improvement in profit, due largely to stringent cost control and significantly lower operating overheads, the company said.
Meanwhile, Genting Malaysia announced its pre-tax profit for the year ended Dec 31, 2009, increased to RM1.764 billion from RM1.127 billion in the previous year and revenue rose to RM4.992 billion from RM4.887 billion.
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