Sports Toto Registers RM1.66b Revenue for Q3, Declares 2 Sen Dividend

 

PETALING JAYA: Sports Toto Bhd (SPToto) reported RM1.66 billion in revenue for the current quarter under review, a 4.2% decrease from the previous year's corresponding quarter revenue of RM1.73 billion. The group also reported an RM40 million pre-tax profit, a decrease of 67.4% from the equivalent quarter of the previous year's pre-tax profit of RM122.4 million. 토토보증놀이터

The decline in results for the current quarter ending March 31, 2023 was primarily attributable to the performance of STM Lottery Sdn Bhd (STM Lottery) and H.R. Owen Plc (H.R. Owen), both of which reported lower revenue and pre-tax profit than the previous year's corresponding period.

The current quarter revenue of STM Lottery was 11% lower due to fewer draws (41 draws versus 43 draws in the previous quarter) done in the current quarter under review. 카지노사이트

Furthermore, the higher revenue reported in the preceding year's corresponding quarter was due to the Toto Supreme 6/58 lottery game hitting a record aggregate jackpot prize. The 69.4% decrease in pre-tax profit was due to decreased revenue and a greater prize payout in the current quarter under review.

H.R. Owen's revenue was comparable to the same period last year. However, when converted into ringgit, the group's reporting currency, the income fell by 3.5% due to the unfavorable foreign exchange effect. Its profit before taxes was smaller. 링크모음

The third interim dividend payment for the fiscal year ending June 30, 2023 will be RM27 million. As a result, the total dividend distribution for the fiscal year ending March 31, 2023 is about RM87.7 million.

Malaysia's gross domestic product growth is predicted to slow in 2023. Malaysia's Number Forecast Operation (NFO) business industry remains alert and cautious in the face of changes in local government policy. Nonetheless, management is cautiously confident that the NFO business will continue to improve per draw sales growth, which will be underpinned by more consumer spending, a resurgence in tourism activities, and better-than-expected labor market circumstances.