KUALA LUMPUR: Genting Bhd registered a net profit of RM929.20 million in the financial year ended Dec 31, 2023 (FY2023) compared to a net loss of RM299.90 million a year ago.
Its revenue jumped to RM27.12 billion from RM22.38 billion, boosted by the leisure and hospitality businesses in the United States, Bahamas, United Kingdom and Egypt.
It said in a statement today that its revenue from the power segment improved mainly due to higher generation from the Banten Plant in Indonesia following a shorter outage period of 31 days.
Nevertheless, the revenue from the plantation division for FY2023 was lower mainly due to weaker palm product prices, which outweighed the improvement in the fresh fruit bunches (FFB) production mainly driven by the Indonesian estates.
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