trending Market Intelligence /marketintelligence/en/news-insights/trending/axNRnAYZDrtVEzikPrK7lw2 content esgSubNav
In This List

Genting profit misses consensus by 64.1% in Q2

Case Study

Powering the markets of the future with data and AI


Analyzing Sentiment in Quarterly Earnings Calls — Q3 2023

Case Study

An Alternative Investment Team Harnesses Textual Data Analytics to Find New Sources of Alpha


Battery metals - unbated long term need for supply security despite short-term headwinds

Genting profit misses consensus by 64.1% in Q2

Genting Berhad said its second-quarter normalized net income came to 6 Malaysian sen per share, compared with the S&P Capital IQ consensus estimate of 18 sen per share.

EPS climbed 5.4% year over year from 6 sen.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 244.4 million ringgits, a gain of 5.3% from 232.1 million ringgits in the year-earlier period.

The normalized profit margin rose to 5.7% from 5.6% in the year-earlier period.

Total revenue grew year over year to 4.23 billion ringgits from 4.17 billion ringgits, and total operating expenses rose from the prior-year period to 3.03 billion ringgits from 2.99 billion ringgits.

Reported net income grew on an annual basis to 385.2 million ringgits, or 10 sen per share, from 153.6 million ringgits, or 4 sen per share.

As of Aug. 25, US$1 was equivalent to 4.03 ringgits.