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Berjaya Sports Toto fiscal Q2 profit climbs YOY

Berjaya Sports Toto Bhd. said its normalized net income for the fiscal second quarter ended Oct. 31 came to 7 Malaysian sen per share, an increase from 6 sen per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 88.9 million ringgits, an increase from 86.8 million ringgits in the year-earlier period.

The normalized profit margin dropped to 7.1% from 10.0% in the year-earlier period.

Total revenue rose 44.7% on an annual basis to 1.25 billion ringgits from 866.9 million ringgits, and total operating expenses grew 52.0% on an annual basis to 1.11 billion ringgits from 728.0 million ringgits.

Reported net income grew 20.6% on an annual basis to 99.7 million ringgits, or 7 sen per share, from 82.6 million ringgits, or 6 sen per share.

As of Dec. 18, US$1 was equivalent to 3.47 ringgits.