KUALA LUMPUR (March 21): BERJAYA SPORTS TOTO BHD [] posted net profit of RM112.74 million in the third quarter ended Jan 31, 2012, a slight decline of 1.8% from the RM114.87 million a year ago.
It said on Wednesday its revenue rose 15.5% to RM983.46 million from RM851.16 million. Earnings per share were 8.44 sen compared with 8.59 sen. It declared a third interim single tier exempt dividend of 6.0 sen per share which will go ex on April 9.
“The higher percentage increase in revenue was mainly attributed to the higher revenue reported by Sports Toto Malaysia Sdn Bhd. Berjaya Philippines Inc. group reported lower revenue and pre-tax profit for the current quarter under review mainly attributed to higher revenue achieved in the previous year corresponding quarter as a result of the high Jackpot prize then,” it said.
It added that Sports Toto recorded an increase in revenue and pre-tax profit of 17.5% and 13.7% respectively compared to a year ago mainly due to the traditionally high sales during the Chinese Lunar New Year festive season in the current quarter coupled with higher number of draws in the current quarter under review.
For the nine-month period ended Jan 31, 2012, its earnings rose 27.3% to RM310.52 million from RM243.91 million in the previous corresponding period. Revenue rose at a slower pace of 6.3% to RM2.691 billion from RM2.532 billion.
BToto said the group’s improved performance was primarily attributed to the improved results of Sports Toto which recorded an increase in revenue of 6.5%.
Sports Toto recorded an increase in pre-tax profit of 25.4% mainly due to lower prize payout in the current period under review.
It said on Wednesday its revenue rose 15.5% to RM983.46 million from RM851.16 million. Earnings per share were 8.44 sen compared with 8.59 sen. It declared a third interim single tier exempt dividend of 6.0 sen per share which will go ex on April 9.
“The higher percentage increase in revenue was mainly attributed to the higher revenue reported by Sports Toto Malaysia Sdn Bhd. Berjaya Philippines Inc. group reported lower revenue and pre-tax profit for the current quarter under review mainly attributed to higher revenue achieved in the previous year corresponding quarter as a result of the high Jackpot prize then,” it said.
It added that Sports Toto recorded an increase in revenue and pre-tax profit of 17.5% and 13.7% respectively compared to a year ago mainly due to the traditionally high sales during the Chinese Lunar New Year festive season in the current quarter coupled with higher number of draws in the current quarter under review.
For the nine-month period ended Jan 31, 2012, its earnings rose 27.3% to RM310.52 million from RM243.91 million in the previous corresponding period. Revenue rose at a slower pace of 6.3% to RM2.691 billion from RM2.532 billion.
BToto said the group’s improved performance was primarily attributed to the improved results of Sports Toto which recorded an increase in revenue of 6.5%.
Sports Toto recorded an increase in pre-tax profit of 25.4% mainly due to lower prize payout in the current period under review.
