Genting Malaysia Bhd. said its normalized net income for the first quarter was 5 Malaysian sen per share, compared with the S&P Capital IQ consensus estimate of 6 sen per share.
In the prior-year period, the per-share result came in at a profit of 5 sen.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 300.9 million ringgits, compared with 298.1 million ringgits in the prior-year period.
The normalized profit margin declined to 14.4% from 14.7% in the year-earlier period.
Total revenue increased year over year to 2.09 billion ringgits from 2.03 billion ringgits, and total operating expenses increased from the prior-year period to 1.61 billion ringgits from 1.55 billion ringgits.
Reported net income rose year over year to 362.1 million ringgits, or 6 sen per share, from 358.3 million ringgits, or 6 sen per share.
As of May 28, US$1 was equivalent to 3.65 ringgits.