KUALA LUMPUR May 30 Genting Bhd,
Malaysian gaming and plantation group, posted a 42.6 percent
fall in first-quarter profit, normalising after a one-off gain
from the disposal of its oil and gas units in the same quarter
Genting earned 397.84 million ringgit ($129.17 million)in
the three months that ended in March, compared with 693.63
million ringgit a year earlier, according to a local stock
exchange filing on Thursday. No forecast was available for the
quarter according to Thomson Reuters I/B/E/S.
Revenue fell 2.8 percent to 1.43 billion ringgit from a year
ago, hit by weaker performance in plantations and leisure
business in Singapore and the United Kingdom.
Its Singapore gaming unit Genting Singapore PLC
posted on May 2 a 35 percent fall in core earnings and missed
market estimates as premium gamblers got lucky and won more of
Shares in Genting are up about 12.83 percent so far this
year, while Genting Singapore rose 6.14 percent.
($1 = 3.0800 Malaysian ringgits)
(Reporting By Yantoultra Ngui; Editing By Niluksi Koswanage)