Monday, December 12, 2011

BToto rakes up RM105m net profit in 2Q, up 62 pct on-yr

KUALA LUMPUR: BERJAYA SPORTS TOTO BHD []'s earnings jumped 62.3% to RM105.67 million in the second quarter ended Oct 31, 2011 from RM65.08 million a year ago when it was affected mainly due to the higher prize payout then.

It said on Monday its revenue rose 1.9% to RM862.37 million from RM845.79 million while its earnings per share were 7.90 sen compared with 4.87 sen. It declared an interim dividend of 8.0 sen per share.

BToto said the stronger earnings were mainly due to the improved performance of Sports Toto Malaysia Sdn Bhd where it posted a higher percentage increase in pre-tax profit of 56.1% mainly attributed to higher prize payout in the previous year corresponding quarter.

Berjaya Philippines Inc. group also contributed to the growth in the Group's revenue but it reported a marginal drop in pre-tax profit in the current quarter under review.

For the first half, its earnings increased by 53.2% to RM197.77 million from RM129.04 million in the previous corresponding period. Its revenue increased by 1.6% to RM1.708 billion from RM1.681 billion.

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