Tourism revival a boon for Genting

Quick Summary:

Genting Bhd is expecting international tourism to remain strong, with continued growth driven by positive demand and the ongoing recovery in global travel.

Genting declared a dividend of five sen per share for 4Q24, bringing its total dividends for FY24 to 11 sen, while GENM also proposed a dividend of four sen per share for 4Q24, bringing total dividends for FY24 to 10 sen per share.

It said the growth in revenue was primarily due to higher volumes of business seen in the leisure and hospitality business in Malaysia, Britain and Egypt, as well as in the United States and the Bahamas.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaBahamasEgyptSingaporeUnited States

Topics: Corporate News ResortsWorld HospitalitySector TourismRecovery GamingIndustry LeadershipChange /Business/Business News DividendPayout Genting FinancialPerformance

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-28 @ 00:00:00 (18 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 798 words

Reading Time: 5 minutes read

Sentences: 27 lines

Sentence Length: 30 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 26487057

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About The Star

Main Topics: EconomyBusiness

Official Website: thestar.com.my

Update Frequency: 54 posts per day

Year Established: 1971

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News Last Updated: 51 minutes ago

Coverage Areas: Malaysia

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News Language: English

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Publisher ID: #22

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