Berjaya Sports Toto Bhd (BToto) registered a revenue of RM974.9 million in the 2-month period ended 30 June 2019 due to substantial sales contribution from its principal subsidiary, Sports Toto Malaysia Sdn Bhd (Sports Toto) and from the auto retailing business operated by H.R. Owen Plc (H.R. Owen).
The Group incurred a pre-tax loss of RM26.8 million in the 2-month period, mainly attributed to the impairment of goodwill and assets of the disposal group relating to the leasing of lottery equipment business in the Philippines in the current period under review.
BToto would have registered a pre-tax profit of RM51.6 million had the impairment of goodwill and assets of the disposal group been excluded.
For the 14-month period
The cumulative 14-month period ended 30 June 2019 saw the Group registering a revenue of RM6.7 billion largely due to revenue from Sports Toto, H.R. Owen and Philippine Gaming Management Corporation (PGMC).
BToto achieved a pre-tax profit of RM404 million mainly attributed to the profits achieved by Sports Toto and H.R. Owen as well as the profit contribution from PGMC.
The pre-tax profit was partly offset by impairment of goodwill and assets of the disposal group of the Group’s leasing of lottery equipment business in the Philippines.
BToto would have registered a pre-tax profit of RM482.4 million had the impairment of goodwill and assets of the disposal group been excluded.
There are no comparative figures disclosed for the current interim period and the cumulative period following the change in the financial year end from 30 April to 30 June.
The Directors anticipate that the performance of Sports Toto will be satisfactory and are confident that the Group will continue to maintain its market share in the NFO business for the financial year ending 30 June 2020.
Meanwhile, the Board does not recommend any interim dividend for the current 2-month period ended 30 June 2019. The total dividend distribution for the financial period ended 30 June 2019 was approximately RM215.5 million, representing about 91.7% of the attributable profit of the Group for the 14-month financial period ended 30 June 2019.
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