BCorp Q3 earn­ings jump 44.6pc to RM27.3m

New Straits Times - - Business -

KUALA LUMPUR: Ber­jaya Corp Bhd’s (BCorp) net profit rose 44.6 per cent to RM27.3 mil­lion in the third quar­ter ended Jan­uary 31 , from a RM15.8 mil­lion net profit a year ago.

Group rev­enue edged up 2.4 per cent to RM2.22 bil­lion from RM2.16 bil­lion pre­vi­ously.

Year-to-date, the net profit was down 29.6 per cent to RM136.7 mil­lion from RM194.2 mil­lion pre­vi­ously, de­spite rev­enue ris­ing 5.63 per cent to RM6.9 bil­lion.

BCorp said the higher quar­terly rev­enue was fu­elled by prop­erty in­vest­ment and devel­op­ment seg­ments.

This was mainly due to sales of sev­eral units of res­i­dences in Ja­pan.

Its ho­tels and re­sorts, restau­rant and cafe busi­nesses also re­ported higher rev­enues.

BCorp’s gam­ing op­er­a­tions, Sports Toto Malaysia Sdn Bhd, posted lower rev­enue in the cur­rent quar­ter mainly due to an ad­di­tional Goods and Ser­vices Tax ad­just­ment of RM15.6 mil­lion.

BCorp said the last quar­ter of the fi­nan­cial year end­ing April 30 2017 would be chal­leng­ing.

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