Sim Leisure Group has guided that it expects to register a “substantial comprehensive profit” for the FY2022 compared to the loss in the year before.
According to the group, the turnaround is attributed to the resumption of its theme parks, leading to a higher revenue for the year.
The cooperation fee income from Sim Leisure Gulf Contracting, under the cooperation agreement entered between Sim Leisure Group’s 60%-owned subsidiary, Sim Leisure Creative and SL Gulf, also contributed to the higher profit.
The group’s unaudited results for the FY2022, which ends on Dec 30, 2022, will be released by March 1.
Shares in Sim Leisure Group closed flat at 25.5 cents on Jan 19.
