BToto earnings down on higher prize payouts, expenses

During the quarter, the conglomerate, which is primarily involved in number forecast operation (NFO), said net profit fell to RM58.74mil, compared with RM72.47mil in the corresponding quarter last year on a higher revenue.

PETALING JAYA: Berjaya Sports Toto Bhd (BToto) has reported a decline in its earnings for the financial year ended April 30, 2017 (FY17) after its unit Sports Toto Malaysia Sdn Bhd incurred bigger prize payouts and higher operating expenses.

The numbers forecast operator said its earnings fell 21.8% to RM241.31mil from RM308.64mil, while its pre-tax profit dropped by 14.7% to RM380.20mil from RM445.66mil previously. Revenue, however, increased to RM5.73bil from RM5.56bil.