PETALING JAYA: Resorts World Bhd registered an 18% growth in pre-tax profit to RM395.39mil for its first quarter ended March 31, compared with RM335.42mil in the previous corresponding period.
In a filing with Bursa Malaysia yesterday, Resorts said its revenue increased 3% to RM1.09bil from RM1.06bil earlier, underpinned by improved performance in its leisure and hospitality segments, which saw higher volume of business.
Its earnings per share came in at 5.09 sen against 4.27 sen a year ago.
Meanwhile, Resorts' sister company Asiatic Development Bhd saw its pre-tax profit surge over 120% to RM143.2mil for the first quarter ended March 31 against RM64.26mil in the previous corresponding quarter.
Its revenue jumped 83% to RM273.06mil against RM149.28mil previously. Its earnings per share more than doubled to 15.1 sen against 6.18 sen a year ago.
Asiatic attributed its improved performance to higher palm products selling prices along with a 7% increase in fresh fruit bunch production.
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