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 Land Bhd
(BLand) returned to the black with a net profit of RM11.53mil for the first quarter ended July 31, 2017, after posting a net loss of RM27.24mil in the same quarter last year.
The property group attributed its earnings to higher contribution from Berjaya Sports Toto Bhd’s principal subsidiary – Sports Toto Malaysia Sdn Bhd (STMSB) – as a result of a lower prize payout, improved profit from both the property and hotels and resorts businesses arising from higher revenue, and lower finance costs.
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