Genting Berhad has released its financial report for the third quarter of 2023, showcasing a remarkable 20.39% surge in group revenue compared to the previous year, amounting to a staggering RM7.37bn ($1.57bn). The group's revenue boost can be predominantly attributed to the ongoing recovery of the Leisure & Hospitality Division. Notably, the net profit for this quarter exhibited a significant upsurge of 177.16%, reaching RM995m.
Moreover, the EBITDA experienced a commendable rise, soaring from RM2.06bn in Q3 2022 to RM2.73bn in Q3 2023, equating to an impressive surge of nearly 33%. Resorts World Sentosa enjoyed the benefits of the continued revival of travel and tourism in the region, witnessing both revenue and EBITDA growth.
Meanwhile, Resorts World Genting's revenue for this quarter escalated due to heightened business volumes in its gaming and non-gaming sectors, facilitated by the relaxation of border control measures compared to Q3 2022.
Moreover, the EBITDA experienced a commendable rise, soaring from RM2.06bn in Q3 2022 to RM2.73bn in Q3 2023, equating to an impressive surge of nearly 33%. Resorts World Sentosa enjoyed the benefits of the continued revival of travel and tourism in the region, witnessing both revenue and EBITDA growth.
Meanwhile, Resorts World Genting's revenue for this quarter escalated due to heightened business volumes in its gaming and non-gaming sectors, facilitated by the relaxation of border control measures compared to Q3 2022.
