fell deeper into the red in first quarter due to the adverse impact of the Covid-19 pandemic on the group s leisure and hospitality operations.
Net losses in the three-month ended March 31 ballooned to RM331mil from RM132mil a year ago.
Revenue tumbled 45% to RM2.2bil from RM4.1bil previously, the company said in a press release today.
’s (GENM) leisure and hospitality business worldwide continued to report lower cost structure in 1Q21 following the re-calibration of GENM Group’s operating structure and right-sizing of its workforce in response to the unprecedented disruptions to its operations amid the Covid-19 pandemic, it said.