Genting Malaysia flags potential theme park delay, posts wider Q1 loss

Genting Malaysia posted a wider loss for Q1 and flagged a potential delay in the opening of its outdoor theme park due to ongoing Covid restrictions in the country.

The net loss came in at MYR501.3 million, compared with MYR453.9 million a year earlier. Revenue dropped 68 percent to MYR623.3 million.

“While the group continues to work towards the completion of Genting SkyWorlds outdoor theme park in the third quarter of 2021, the opening date of the park is dependent on developments surrounding the COVID-19 situation and its impact to the leisure and hospitality sector in the country,” it said.