Sports Toto unabated by additional service tax as earnings triple in 3Q

PETALING JAYA: The impact of additional 2% service tax appears to be negligible for Sports Toto Bhd, going by its third quarter ended March 31, 2024 (3Q24) results.

The number forecast operator (NFO), which is majority owned by Tan Sri Vincent Tan’s Berjaya Corp Bhd, reported a net profit of RM68.5mil, nearly tripled that from a year ago.