Magnum net profit dips to RM21.84mil in second quarter


The number forecast operator

PETALING JAYA: Magnum Bhd reported a lower net profit of RM21.84mil for the second quarter ended June 30, 2016 (Q2’16), owing to a lower contribution from the gaming division arising from exceptionally high payouts.

The number forecast operator’s revenue for the quarter amounted to RM625.78mil. In comparison, Magnum recorded a net profit of RM59.83mil on the back of RM647.13mil in revenue during the same period a year ago.

Play, subscribe and stand a chance to win prizes worth over RM39,000! T&C applies.

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Business , Magnum , nfo , gaming

Next In Business News

Wall St set for higher open as US-Iran ceasefire lifts sentiment
Golden Destinations’ IPO oversubscribed by 2.10 times
EPB proposes Main Market transfer
Infoline Tec subsidiary to purchase RM18.6mil factory buildings
PMW International ties up with STIDC for new Sarawak manufacturing facility
LSH unit secures Kuantan road upgrade contract
AIBIM: Islamic banking industry remains resilient amid Middle East uncertainties
Ringgit rises to 3.97 against US dollar at the close as US-Iran reaches ceasefire deal
Inta Bina bags RM32mil construction job
MNC Wireless to fund digital push with rights issue

Others Also Read