PETALING JAYA: Berjaya Sports Toto Bhd (BToto) is cautiously optimistic that the group’s performance will gradually recover, given the resilient nature of the number forecast operator (NFO) business.
In a statement, the company said it remained confident that the group would continue to lead in terms of market share in the NFO business for the financial year ending June 30, 2022 (FY22).
The group yesterday declared a first interim dividend of one sen per share for FY22.
BToto posted a 40.7% decrease in revenue to RM797.6mil in the first quarter (Q1) of FY22 as compared to RM1.35bil in Q1’FY21. This was mainly due to the 88.7% drop in revenue recorded by Sports Toto Malaysia Sdn Bhd (Sports Toto), its principal subsidiary, as there were only eight draws conducted in Q1’FY22 as compared to 42 draws in Q1’FY21.
For Q1’FY22, its unit H.R. Owen Plc registered an increase of 6% in revenue to RM707.1mil from Q1’FY21, while pre-tax profit increased 39.6% to RM25.6mil from RM18.4mil.
“The improved results were due to higher sales and a better profit margin from the used car sector as a result of the change in marketing strategy and additional resources invested,” BToto said.