By Yi Wei Wong

Malaysian conglomerate Genting Bhd. swung to a loss in the first quarter, as the group's resorts were temporarily shut from mid-March due to the coronavirus pandemic.

The company swung to a loss of 132.3 million ringgit ($30.4 million), from net profit of MYR561.6 million in the same period a year ago, Genting said Thursday.

Revenue at the company, whose businesses span casinos to plantations, fell 26% to MYR4.11 billion.

The company remains pessimistic on the outlook for the rest of the year due to the Covid-19 pandemic, it said.

Genting added that it is still in the running for a bid to build an integrated resort in Yokohama, Japan.

Shares closed 0.3% higher at MYR4.08 prior to the release of the results, taking year-to-date losses to 32.6%.

Write to Yi Wei Wong at yiwei.wong@wsj.com