PETALING JAYA: Berjaya Corp
Bhd’s (BCorp) net profit in its second quarter ended Oct 31, 2014, surged 640% to RM153.08mil from RM20.62mil in the previous corresponding period, boosted by the recognition of gains from the completion of the acquisition of Berjaya Starbucks Coffee Company Sdn Bhd (BStarbucks).
BCorp told Bursa Malaysia yesterday that the increase was mainly due to investment-related items of RM199.11mil, which mainly comprised the recognition of gains arising from re-measurement of the 50% equity interest in BStarbucks previously held by the group.
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