Berjaya Sports Toto Bhd's (BToto) pre-tax profit for financial year ended Apr 30, 2011 fell to RM505.91 million from RM548.19 million in the same period last year.
Its revenue, however, increased by 1.2 per cent to RM3.43 billion from
RM3.39 billion previously.
In a filing to Bursa Malaysia today, BToto said the lower pre-tax profit was
mainly due to lower pre-tax profit recorded by its principal subsidiary, Sports
Toto Malaysia Sdn Bhd, which saw a drop of 11 per cent due to the impact from the increase in pool betting duty.
However, the downtrend was mitigated by the increase in pre-tax profit
recorded by Berjaya Philippines Inc group, it said.
For the fourth quarter, pre-tax profit rose to RM148.08 million from
RM117.32 million in the same quarter last year, while revenue went up to
RM901.31 million from RM858.29 million previously.
BToto said the revenue growth was mainly attributed to strong sales from the
Supreme Toto 6/58 lotto game as well as higher number of draws in the quarter.
Going forward, the group said it was optimistic its performance for
financial year ending Apr 30, 2012 would be satisfactory, barring unforeseen
circumstances. -- Bernama
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