Maybank IB Research said for the two months May to June, BToto posted a headline net loss of RM41.4mil due to impairment of goodwill and assets on the disposal of PGMC.
KUALA LUMPUR: Berjaya Sports Toto (BToto) negatively surprised with a headline net loss for May-June 2019 due to impairments at Philippine Gaming Management Corporation (PGMC), Maybank Investment Bank Research said.
However, the research house said on Tuesday the core net profit for the 14 months ended June 30, 2019 was within its expectation.
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