BERJAYA SPORTS TOTO BHD [] posted net profit of RM63.95 million in the first quarter ended July 31, 2010, down 36% from RM100.45 million a year ago mainly due to the increase in pool betting duty.
It said on Monday, Sept 20 that revenue declined to RM835.4 million from RM826.16 million. Earnings per share were 4.78 sen versus 7.97 sen.
It declared dividend of 8.0 sen versus 49.5 sen a year ago.
BToto said Sports Toto, the principal subsidiary, registered an increase in revenue of 1.0% but recorded a decrease in pre-tax profit of 23.6% mainly due to the increase in pool betting duty from 6% to 8% with effect from June 1, 2010 coupled with the relatively higher prize payout in the current quarter under review.
Written by Joseph Chin
The Edge Malaysia
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