Berjaya Corp 4Q net loss widens to RM147.8mil

KUALA LUMPUR: Berjaya Corp Bhd (BCorp), which reported a wider loss for the fourth quarter ended June 30 (4Q24), is cautiously optimistic about the performance of its business operations for the financial year ending June 30, 2025 (FY25).

“The group will be monitoring prevailing global and local political developments in the countries where the group has business operations.

“The performance of the domestic business segments of the group is expected to improve on the back of strong consumer spending and improvement in tourism activities,” the conglomerate said in a statement.

BCorp noted that the closure of legal number forecast operators (NFO) outlets in Kedah and Perlis may result in the proliferation of illegal operators in these areas.

The group recorded a net loss of RM147.8mil in 4Q24 compared with RM79.3mil posted in the year-ago quarter. Revenue dipped 3.8% to RM2.46bil against RM2.55bil.

For the full FY24, BCorp posted a net profit of RM446.2mil compared with a net loss of RM110.3mil while revenue rose 4.5% to RM10.04bil versus RM9.61bil last year.