Malaysia's Genting Q1 net profit up 24.6 pct

Reuters

KUALA LUMPUR, May 28 (Reuters) - Malaysian conglomerate Genting Bhd on Thursday posted a 24.6 percent rise in first-quarter net profit, partly driven by gains on the disposal of financial assets.

Net profit for January-March climbed to 620 million ringgit ($170.28 million) from 497.5 million ringgit in the same quarter a year earlier. Revenue shed 6.9 percent to 4.37 billion ringgit.

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($1 = 3.6410 ringgit) (Reporting By Yantoultra Ngui, editing by David Evans)