KUALA LUMPUR: Berjaya Corp Bhd posted net profit of RM32.46 million in the third quarter ended Jan 31, 2011 compared with net loss of RM156.20 million a year ago on higher profit contribution from gaming, stockbroking, direct selling, retail and distribution businesses.
It said on Wednesday, March 30 that revenue rose to RM1.77 billion from RM1.66 billion while earnings per share were 0.74 sen compared with loss per share of 3.75 sen.
'The pre-tax loss of RM50.2 million in the previous year corresponding quarter was mainly due to the non-cash dilution effects amounting to RM150.46 million when the group's interest in BERJAYA LAND BHD [] (BLand) was diluted from 56.44% to 53.25% arising from the conversion of BLand ICULS to BLand shares upon its maturity on Dec 30, 2009,' it said.
For the nine-month period, it recorded net profit of RM244.47 million, a contrast from the net loss of RM64.47 million in the previous corresponding period. It posted pre-tax profit of RM612.64 million compared with RM309.58 million a year ago.
'The lower pre-tax profit in the previous year corresponding period was mainly due to the abovementioned loss on dilution of interest in subsidiary companies,' it said.
Revenue rose 7.2% to RM5.24 billion from RM4.89 billion mainly due to the higher revenue contributions from the retail and distribution business.
It said on Wednesday, March 30 that revenue rose to RM1.77 billion from RM1.66 billion while earnings per share were 0.74 sen compared with loss per share of 3.75 sen.
'The pre-tax loss of RM50.2 million in the previous year corresponding quarter was mainly due to the non-cash dilution effects amounting to RM150.46 million when the group's interest in BERJAYA LAND BHD [] (BLand) was diluted from 56.44% to 53.25% arising from the conversion of BLand ICULS to BLand shares upon its maturity on Dec 30, 2009,' it said.
For the nine-month period, it recorded net profit of RM244.47 million, a contrast from the net loss of RM64.47 million in the previous corresponding period. It posted pre-tax profit of RM612.64 million compared with RM309.58 million a year ago.
'The lower pre-tax profit in the previous year corresponding period was mainly due to the abovementioned loss on dilution of interest in subsidiary companies,' it said.
Revenue rose 7.2% to RM5.24 billion from RM4.89 billion mainly due to the higher revenue contributions from the retail and distribution business.
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