Berjaya Corporation Berhad registered higher revenue of RM2.42 billion as compared to revenue of RM1.82 billion in the corresponding quarter of the previous year. The 33% increase was mainly from the services and retail segments. The Group also registered a pre-tax profit of RM93.44 million in the current quarter as compared to a pre-tax loss of RM28.16 million.
The higher revenue reported by the non-food retail businesses was mainly due to the revenue reported by H.R. Owen Plc, arising from the higher sales recorded from both new and used car sectors upon the full resumption of its business operations. The food retail businesses also recorded a significant increase in revenue mainly due to higher same-store-sales growth particularly from the Starbucks café outlets. As for the hospitality segment it reported higher revenue due to higher overall occupancy and average room rates, in particular from the hotels in Iceland.
The higher revenue from the services segment was mainly due to the 70.3% increase in revenue reported by the gaming operations, operated by STM Lottery Sdn Bhd . The property segment reported lower revenue in the current quarter, mainly due to the lower sales of its overseas residence units and lower overall property progress billings.
For the 9-month Financial Period, the group registered higher revenue of RM5.86 billion as compared to revenue of RM5.71 billion in the corresponding period of the previous year, mainly due to the higher revenue recorded from the retail and
hotel segments. HR Owen reported an increase in revenue of 21.8% arising from the strong demand in the used car sector, which resulted from the continued supply chain disruptions in the new car sector.
The Group reported a pre-tax profit of RM241.93 million for the financial period under review as compared to the pre-tax profit of RM18.60 million reported in the previous year’s corresponding period.
