Sim Leisure Group rebounds with RM25.9mil profit FMTNews FMTBusiness
Sim Leisure Group, which operates entertainment and leisure facilities such as Escape Penang, is back in the black.
The leisure group, which runs the children’s amusement centre KidZania in Petaling Jaya and the Escape brand theme park in Penang, had posted an RM11.8 million net loss in the previous year, thanks to the Covid-19 pandemic.The lion’s share of the company’s net profit and revenue came in the first half of FY22, which came up to RM10.11 million and RM26.57 million respectively.
There was never a doubt that FY22 would turn out to be a very good year, according to founder Sim Choo Kheng. KidZania chalked up a RM6.46 million profit in FY22, its first ever, seven months after it resumed operations in 2022.New attractions such as the world’s longest zip coaster, a ski slope and a Dead Sea pool were added to the Escape in Penang. Apart from that, it’s base camp was expanded.
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