The group recorded a net loss of RM147.8mil in 4Q24.
PETALING JAYA: 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).
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 a net loss of RM79.3mil posted in the same quarter a year ago.
Revenue for the quarter dipped 3.8% to RM2.46bil against RM2.55bil in 4Q23.
For the full financial year 2024 (FY24), BCorp posted a net profit of RM446.2mil or earnings per share of 7.85 sen compared with a net loss of RM110.3mil or loss per share of 1.96 sen in FY23.
Revenue in FY24 rose 4.5% year-on-year to RM10.04bil driven by higher contributions from all segments (property, hospitality, services) except for food retail segment.
