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Berjaya Sports Toto fiscal Q3 profit climbs 13.2% YOY

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Berjaya Sports Toto fiscal Q3 profit climbs 13.2% YOY

Berjaya Sports Toto Bhd. said its normalized net income for the fiscal third quarter ended Jan. 31 amounted to 7 Malaysian sen per share, a gain of 12.1% from 6 sen per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 92.5 million ringgits, an increase of 13.2% from 81.7 million ringgits in the prior-year period.

The normalized profit margin rose to 7.0% from 6.7% in the year-earlier period.

Total revenue grew 8.2% on an annual basis to 1.33 billion ringgits from 1.23 billion ringgits, and total operating expenses increased 9.6% year over year to 1.19 billion ringgits from 1.09 billion ringgits.

Reported net income rose 43.0% from the prior-year period to 104.6 million ringgits, or 8 sen per share, from 73.2 million ringgits, or 5 sen per share.

As of March 18, US$1 was equivalent to 3.71 ringgits.