Thursday, 31 May 2012

Genting Malaysia Q1 earnings down 35% to RM270.6m


GENM
Announcement Qtr EPS ttm-EPS Price
Date No (Cents) (Cent) (RM) PE DY P/NTA








30/05/2012 1 4.78 22.62 3.84 17.0 2.2% 1.72
28/02/2012 4 6.17 25.21 3.80 15.1 2.3% 1.80
24/11/2011 3 6.13 25.43 3.86 15.2 2.1% 1.87
25/08/2011 2 5.54 25.22 3.32 13.2 2.4% 1.61
26/05/2011 1 7.37 25.04 3.63 14.5 2.2% 1.76
23/02/2011 4 6.39 22.45 3.42 15.2 0.5% 1.67
25/11/2010 3 5.92 22.35 3.39 15.2 2.2% 1.73
26/08/2010 2 5.36 22.73 2.96 13.0 2.5% 1.67
27/05/2010 1 4.78 23.15 2.70 11.7 2.7% 1.53
25/02/2010 4 6.29 23.18 2.69 11.6 0.6% 1.51
25/11/2009   3 6.30 10.14 2.77 27.3 2.5% 1.61
26/08/2009   2 5.78 9.78 2.71 27.7 2.5% 1.70
27/05/2009   1 4.81 9.52 2.49 26.2 2.8% 1.64
25/02/2009 4 -6.75 9.80 1.84 18.8 0.4% 1.27
26/11/2008 3 5.94 17.81 2.14 12.0 0.6% 1.53
23/08/2007 2 5.52 14.31 2.45 17.1 0.5% 1.93
28/05/2008 1 5.09 9.90 2.59 26.2 0.5% 1.89

























GENM
Announcement Revenue PBT Net Profit EPS Dividend NTA Qtr
Date (RM,000) (RM,000) (RM,000) (Cent) (Cent) (RM) No








30/05/2012 1903801 378541 270664 4.78 0 2.23 1
28/02/2012 2331245 453734 349281 6.17 4.8 2.11 4
24/11/2011 2315836 463084 347145 6.13 0 2.06 3
25/08/2011 1896025 430342 313753 5.54 3.8 2.06 2
26/05/2011 1950580 553488 417698 7.37 0 2.06 1
23/02/2011 1558525 503218 362125 6.39 4.4 2.05 4
25/11/2010 1202916 416262 336417 5.92 0 1.96 3
26/08/2010 1226492 414130 305690 5.36 3.6 1.77 2
27/05/2010 1345170 397842 272364 4.78 0 1.77 1
25/02/2010 1275555 469385 358320 6.29 4.3 1.78 4
25/11/2009   1335901 470667 359456 6.3 0 1.72 3
26/08/2009   1202256 438859 330481 5.78 3 1.59 2
27/05/2009   1175383 385682 275444 4.81 0 1.52 1
25/02/2009 1329102 -244496 -387843 -6.75 4 1.45 4




Published: Wednesday May 30, 2012 MYT 7:26:00 PM

Genting Malaysia Q1 earnings down 35% to RM270.6m

It reported on Wednesday profit before taxation fell 32% to RM378.5mil. Revenue fell 2.4% to RM1.903bil from RM1.950bil. Earnings per share were 4.78 sen compared with 7.37 sen.
"This decrease (in pre-tax profit) arose principally due to the lower adjusted EBITDA, higher depreciation and amortisation charges by RM50mil mostly from the group's operations in the US and pre-operating expenses of RM17.7mil incurred in relation to the masterplan development of a destination resort in the City of Miami, Florida, US," it said.
Elaborating on the revenue, it said the Malaysia and UK leisure and hospitality businesses reported RM1.654bil in revenue, or 1% lower on-year due to weaker hold percentage in the premium players business despite an overall higher volume of business.
The revenue from the leisure and hospitality business in the US was RM218.4mil, mainly from the operations of Resorts World Casino New York City (RWNYC) which started in in the fourth quarter of 2011.
Genting Malaysia pointed out there was no construction revenue compared with RM264.6mil a year ago as development of RWNYC was completed.
The group's adjusted EBITDA for Q1, 2012 fell 18% to RM513.1mil from RM625.4mil a year ago.
In Malaysia, the lower adjusted EBITDA was mainly due to higher payroll costs and promotional expenses whilst bad debts written off gave rise to lower contributions from the UK. "Included in adjusted EBITDA for the leisure and hospitality business in US for Q2, 2012 was the construction loss of RM48.2mil (construction profit of RM13.4mil in Q1, 2011). This was incurred due to cost overrun from the development of RWNYC," it said.
Genting Malaysia said if the construction loss of RM48.2mil was excluded, the adjusted EBITDA for leisure and hospitality in US would have been RM49.5mil, mainly from the operations of RWNYC.

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