KUALA LUMPUR: Berjaya Corporation Bhd
's (BCorp) net loss widened to RM176.23 million in the third quarter ended March 31, 2026 (3Q), compared with a net loss of RM92.34 million in the same period a year ago.
In a filing with Bursa Malaysia, BCorp said its revenue declined to RM2.19 billion in 3Q from RM2.54 billion previously.
The group said the higher net loss and lower revenue was mainly due to the performance and contributions from the services and non-food retail business segments.
The lower profit reported by the services segment was mainly attributable to the decline in revenue from the telecommunications network services (MTNS) business, while the lower profit from the non-food retail business was due to reduced revenue, coupled with higher statutory employment costs arising from the implementation of new United Kingdom labour regulations effective April 2025.
"The lower revenue reported by the non-food retail business was mainly attributed to lower sales contribution from H.R. Owen Plc, arising from lower sales volume in both the new and used car segments.
"The subdued performance of the new car sector was mainly attributed to extended vehicle product life cycles, which continued to constrain the model mix and availability of new models. In addition, when translated into ringgit, the revenue reduction was further impacted by unfavourable foreign exchange translation effects," it said.
It added that the decrease in MTNS revenue was mainly due to certain projects nearing the end of their deployment phase, with several projects having been completed in the previous financial year.
For the first nine months period, Berjaya registered a lower net loss of RM231.34 million from RM348.87 million previously, while its revenue decreased to RM6.70 billion compared with RM6.97 billion in the same period a year ago.
On prospects, BCorp said that the performance of the domestic business segments is expected to improve on the back of strong consumer spending and improvement in tourism activities.
"The directors are cautiously optimistic that the performance of the business operations of the group for the remaining quarter of the financial year ending June 30, 2026 (FY2026) to be satisfactory," it said. - Bernama
