Wednesday, March 30, 2011

Berjaya Corp swings to RM33m profit

Berjaya Corp, a Malaysian property, insurance and gaming group, reported a RM32.5 million profit for its fiscal quarter, compared with a RM156.2 million a loss a year earlier.

Earnings were boosted by higher contributions from its gaming, stockbroking, retail and distribution businesses, the company said in a statement.

The year-earlier loss was due to the dilution of its stake in Berjaya Land Bhd in 2009, it said. -- Bloomberg

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