Berjaya Sports Toto Bhd, controlled by billionaire Tan Sri Vincent Tan, suffered a 17 per cent decline in fourth quarter net profit, mainly due to higher operating expenses.
For the fourth quarter ended April 30, 2013, the company registered a net profit of RM75.63 million, versus RM91.21 million same quarter a year ago. Revenue rose 1.6 per cent to RM930.97 million during the quarter.
According to Berjaya Sports Toto in its filing to Bursa Malaysia, the lower earnings is mainly due to "higher operating expenses incurred by the group as well as the results of Berjaya Philippines Inc" (BPI).
During the quarter, BPI posted a decline in revenue and pre-tax profit of 9 per cent adn 33.5 per cent respectively, due to lower lease rental income earned as a result of lower sales reported by the Philippine Charity Sweepstakes Office.
For the full year, net profit fell by 5 per cent at RM384.98 million, compared to RM405.48 million a year ago. Revenue gained marginally to RM3.63 billion versus RM3.60 billion last year.
"The lower profit was mainly due to higher operating expenses incurred by the group... The decrease, however, was mitigated by the gain on disposal of certain quoted investments in the current year under review," said the company.
Good news is that Sports Toto, the company's principal subsidiary, posted an increase in both sales and pre-tax profit of 2.1 per cent and 13.3 per cent respectively.
"This was mainly attributed to the current quarter benefiting from the traditionally higher sales during the Chinese Lunar New Year festive season coupled with higher number of draws.
"The increase in pre-tax profit was also attributed to lower prize payout in the current quarter under review," said Berjaya Sports Toto in the statement.
Berjaya Sports Toto shares on Bursa Malaysia rose 3 sen to RM4.29 a piece, with more than 250,000 shares changed hands.
Goh Thean Eu
Tue Jun 18 2013
![Berjaya Sports Toto suffered 17% decline in Q4 earnings Berjaya Sports Toto suffered 17% decline in Q4 earnings](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/http://img.astroawani.com/2013-06/71371552045_295x200.jpg)
10 Berita Pilihan - (15 Ogos 2024)
Antara pelbagai berita dalam dan luar negara yang disiarkan di Astro AWANI, berikut adalah yang paling menjadi tumpuan sepanjang hari ini.
Pasukan PBB lawat Bangladesh, siasat pembunuhan protes pelajar
Pasukan penyiasat Pertubuhan Bangsa-Bangsa Bersatu (PBB) akan melawat Bangladesh minggu depan untuk menyiasat ratusan kematian semasa protes yang diketuai pelajar baru-baru ini, menurut pegawai badan dunia itu pada Khamis.
Gempa bumi bermagnitud 5.7 gegar timur laut Taiwan
Gempa bumi berukuran 5.7 skala richter melanda daerah Timur Laut Taiwan pada Khamis.
Angka kematian di Gaza cecah 40,000 individu
Pasukan tentera Israel melakukan tiga pembunuhan beramai-ramai terhadap keluarga-keluarga di Semenanjung Gaza dalam tempoh 24 jam lepas, mengakibatkan sekurang-kurangnya 40 rakyat Palestin terbunuh dan 107 lagi cedera, menurut sumber perubatan.
Jepun tamatkan amaran gempa bumi mega
Dalam tempoh berjaga-jaga, Agensi Meteorologi Jepun tidak melihat sebarang pergerakan gempa bumi yang luar biasa atau kerak bumi.
Rakyat UK terancam dengan imigran rampas peluang pekerjaan
Bimbang golongan imigran akan merampas peluang peluang pekerjaan menjadikan rakyat United KIngdom terutamanya mereka yang mempunyai masalah ekonomi melihat imigran sebagai satu ancaman.
Parti Pheu Thai pilih anak perempuan Thaksin calon PM
Paetongtarn, 37, adalah anak perempuan kepada jutawan yang juga bekas Perdana Menteri Thailand, Thaksin Shinawatra.
Pemilihan anak Thaksin sebagai PM Thailand dianggap tidak efektif
Pemilihan anak perempuan bekas Perdana Menteri Thailand, Thaksin Shinawatra, Paetongtarn Shinawatra, untuk menggantikan Srettha Thavisin sebagai Perdana Menteri negara itu dianggap sebagai tidak efektif.
![Angka kematian di seluruh Semenanjung Gaza meningkat kepada 40,005, lebih 92,401 cedera Angka kematian di seluruh Semenanjung Gaza meningkat kepada 40,005, lebih 92,401 cedera](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2024-08/81723343252_Palestiniansmourn.jpg)
Angka kematian di seluruh Semenanjung Gaza meningkat kepada 40,005, lebih 92,401 cedera
Perkhidmatan kecemasan masih tidak dapat membantu ramai mangsa dan membawa keluar mayat yang terperangkap di bawah runtuhan.
DNA mangsa kebakaran di Pagoh diperoleh, jenazah dijangka dikebumikan esok
Polis mengesahkan telah menerima laporan ujian asid deoksiribonukleik (DNA) dua mayat mangsa yang rentung dalam kebakaran rumah di Kampung Paya Redan, Pagoh, Johor Jumaat lepas.