February 26, 2020 / 10:04 AM / a month ago

BRIEF-Genting Plantations Posts Qtrly Net Profit Of 61.7 Million RGT

Feb 26 (Reuters) - Genting Plantations Bhd:

* QTRLY NET PROFIT 61.7 MILLION RGT

* QTRLY YEAR AGO REVENUE 482.3 MILLION RGT; QTRLY YEAR AGO NET PROFIT 14.3 MILLION RGT

* RECOMMENDED FINAL SINGLE‐TIER DIVIDEND OF 9.5 SEN PER ORDINARY SHARE FOR FY 2019

* ANTICIPATES OVERALL GROWTH IN FFB PRODUCTION FOR 2020

* PREMIUM OUTLETS UNDER PROPERTY BUSINESS TO EXPERIENCE LOWER PATRONAGE UNTIL CONCERNS ON SPREAD OF COVID-19 SUBSIDE

* OUTLOOK FOR DOWNSTREAM MANUFACTURING SEGMENT IN 2020 WILL BE CHALLENGING Source text here Further company coverage: (Reuters.Briefs@thomsonreuters.com)

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