Established in 1980 and listed on Bursa Malaysia in 1989, Genting Malaysia Berhad owns and operates resort properties across Asia, Europe, and the Americas. Notable ones include Resorts World Genting in Malaysia; Resorts World New York City, Resorts World Catskills, and Resorts World Hudson Valley in the U.S.; and Resorts World Bimini in the Bahamas. Here are 10 things I learned from the 2023 Genting Malaysia AGM.

1. Revenue more than doubled to RM8.6 billion year-on-year in 2022 while net loss attributable to owners of the company narrowed from RM946.8 million in 2021 to RM520.0 million in 2022. Dividend per share improved from 9 sens in 2021 to 15 sens in 2022.

Source: Genting Malaysia The better results were due to the recoveries of economies and reopening of borders where the company operates. However, it is worth noting that the financial performance remains below pre-pandemic levels. The company has experienced three consecutive years of losses since 2020, primarily because it operates in a cyclical industry....