Allbet开户（www.aLLbet8.vip）:Sports Toto 4Q net profit jumps 52% to RM46.4mil
KUALA LUMPUR: Sports Toto Bhd is confident that it will continue to lead in terms of market share in the number forecast operation (NFO) business for the financial year ending June 30, 2023 (FY23).
“The directors are cautiously optimistic that the group's businesses will remain steadfast with the resilient nature of the NFO business, as noted in the past economic crises and turbulent periods.
“Barring any unforeseen circumstances, the directors are confident that the group will continue to lead in terms of market share in the NFO business for FY23,” it said in a filing with Bursa Malaysia.
Sports Toto’s net profit jumped 52.3% to RM46.41mil, or earnings per share (EPS) of 3.46 sen in the fourth quarter ended June 30, compared with RM30.47mil, or EPS of 2.27 sen a year ago.
The group posted a higher revenue of 29.6% to RM1.46bil from RM1.13bil last year primarily due to higher sales contributed by STM Lottery Sdn Bhd (formerly known as Sports Toto Malaysia Sdn Bhd) as well as by H.R. Owen Plc), despite H.R. Owen reported a lower pre-tax profit in the current quarter under review.
It noted that the share of profits in the associated companies in the current quarter, as opposed to the share of losses in the previous year’s corresponding quarter, has also contributed positively to the group’s results.,
STM Lottery registered higher revenue of 47.8% as compared to the previous year’s corresponding quarter mainly due to the higher number of draws conducted, 42 draws in the current quarter versus 28 draws in the previous year’s corresponding quarter.
H.R. Owen posted revenue growth of 17.1% in the current quarter to RM774.3mil from RM661.4mil reported in the corresponding quarter of the previous year, mainly due to higher sales from both the new and used car sectors with the gradual recovery in supply volume following the easing of the supply chain disruption.
Its pre-tax profit decreased by 55.3% to RM11.1mil as compared to RM24.8mil in the previous year’s corresponding quarter mainly due to the higher operating expenses incurred in the current quarter.
For the full financial year ended June 30, Sports Toto posted a net profit of RM161.57mil, down 10.8% from RM181.23mil while revenue grew 8.35% to RM5.23bil against RM4.83bil previously.
The board has declared a fourth interim cash dividend of 3.0 sen per share and a share dividend distribution of approximately 11.16 million treasury shares on the basis of 1 treasury share for every 120 existing ordinary shares held (fractions of treasury shares to be disregarded) in respect of FY22.
The book cost of the 11.16 million treasury shares is about RM22.62mil which is equivalent to approximately 1.7 sen per share based on the ordinary shares in issue with voting rights as at Aug 22 of 1.34 billion.
Hence, the total fourth interim dividend would be equivalent to 4.7 sen per share.