MAGNUM 4D Bhd said its net profit for the half year to June fell sharply to RM25.04mil from RM44.19mil a year earlier mainly due to higher prize payouts in its gaming operations, coupled with an increase in provision for diminution in the value of its investments.
Pre-tax profit fell 48.2% to RM42.89mil while sales declined marginally by 1.44% to RM940.43mil.
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