Genting first half net profit falls 20 percent

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Genting Bhd announced its half-year to June net profit fell 20 percent to RM307.23 million partly because its leisure and hospitality business was hit by the Sars outbreak.

Sales for the six months came to RM2 billion compared to RM1.77 billion a year ago while pretax profit was RM686.18 million against RM783.25 million.

For the second quarter, net profit amounted to RM111.63 million as opposed to RM205.94 million while sales were up at RM1.02 billion from RM869.83 million a year ago.

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