Genting (3182) – 3rd quarter result for the financial period ended 30/9/2009 posted a nine-month net profit 798.940 million. If compared with last financial year’s 3 quarter results, it has increased 15.77%.
| Current Year Quarter | Preceding Year Corresponding Quarter | Current Year to Date | Preceding Year Corresponding Period | ||
| 30/09/2009 | 30/09/2008 | 30/09/2009 | 30/09/2008 | ||
| RM ‘000 | RM ‘000 | RM ‘000 | RM ‘000 | ||
| 1 | Revenue | 2,401,584 | 2,368,817 | 6,573,520 | 6,692,335 |
| 2 | Profit/Loss Before Tax | 805,498 | 219,744 | 1,942,789 | 1,843,728 |
| 3 | Profit/Loss After Tax and Minority Interest | 614,400 | 68,494 | 1,386,791 | 1,283,290 |
| 4 | Net Profit/Loss For The Period | 371,328 | (40,377) | 798,940 | 690,080 |
| 5 | Basic Earnings/Loss Per Shares (sen) | 10.05 | (1.09) | 21.62 | 18.64 |
| 6 | Dividend Per Share (sen) | 0.00 | 0.00 | 3.00 | 3.00 |
| As At End of Current Quarter | As At Preceding Financial Year End | ||||
| 7 | Net Tangible Assets Per Share (RM) | 3.7100 | 3.3700 | ||
The revenue of Genting has been increased in the quarter but it’s net profit is slight low if compared to the past quarters for the same revenue. Overall the result is acceptable and nothing is surprise.
Are you holding this counter? I’m holding a bit. I think I will hold further until the new casino at Singapore is opened and see if it will bring more revenue to Genting.
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