KUALA LUMPUR: Despite rising operating costs, Berjaya Land Bhd
(BLand) expects its performance in the financial year ending June 30, 2023 (FY23) to be satisfactory.
“Barring any unforeseen circumstances, the directors expect the performance of the business operations of the group for FY23 to be satisfactory, despite having to bear the rising operating costs going forward,” it said in a filing with Bursa Malaysia.
In the fourth quarter ended June 30, BLand posted a wider net loss of RM133.43mil, or loss per share of 2.71 sen, against RM126.34mil, or 2.57 sen a year prior.
Revenue during the quarter jumped 41.6% to RM1.75bil from RM1.23mil last year due to higher contribution from its gaming business segment.
The improved revenue was also due to higher overall occupancy and average room rates reported by the hotels and resorts business segment, better property progress billings and higher sales recorded from both new and used car sectors.
