Sports Toto Berhad recorded RM1.4 billion revenue in the current quarter under review, marking an increase of 13.1% over
the revenue of RM1.2 billion in the previous year’s corresponding quarter. The Group also registered an increase of 20.3% in pre-tax profit to RM96 million from the pre-tax profit of RM79.8 million in the corresponding quarter of the previous year.
The improvement in result was mainly due to the improved performance of the Group’s principal subsidiary, STM Lottery Sdn Bhd, which reported an increase in revenue and pre-tax profit of 28.4% and 29.6% respectively in the current quarter under review. The revenue growth was contributed by the strong sales from 4D Jackpot game and higher
number of draws conducted, in total forty eight (48) draws were conducted in the current quarter compared to forty five (45) draws in the previous year’s corresponding quarter.
H.R. Owen PLC (“H.R. Owen”) posted a slight increase in revenue of 1.7% in the current quarter as opposed to the previous year’s corresponding quarter. However, the unfavourable foreign exchange effect dragged the revenue down by 2.7% when converted to Ringgit Malaysia, being the reporting currency of the Group. Notwithstanding revenue was relatively on par, H.R. Owen incurred a pre-tax loss of RM0.8 million in the current quarter as oppose to pre-tax profit of RM14.9 million in the same quarter of the previous year.
For the 6-month period ended 31 December 2022
In the current 6-month period ended 31 December 2022, the Group reported a revenue of RM2.8 billion, representing an increase of 38.4% over the revenue of RM2.0 billion reported in the previous year’s corresponding period. The higher revenue was mainly due to revenue growth attained by STM Lottery. On the other hand, the pre-tax profit for the current 6-month period ended 31 December 2022 increased by 200.0% to RM202.2 million compared to RM67.4 million pre-tax profit reported in the previous year’s corresponding period. The jump in the pre-tax profit was mainly contributed by STM Lottery but partly set off by lower results reported by H.R. Owen.
STM Lottery’s revenue and pre-tax profit increased by 119.7% and 325.7% respectively compared to the previous year’s corresponding period. H.R. Owen’s revenue was higher by 4.5% in the current period compared to the previous year’s
corresponding period. However, the revenue dropped by 2.4% when converted to Ringgit Malaysia due to unfavourable foreign exchange effect. In spite of the increase in revenue, the pre-tax profit dropped 73.0% to RM10.9 million from RM40.1 million recorded in the previous year’s corresponding period.
The Board has declared a second interim dividend of 2.5 sen per share in respect of the financial year ending 30 June 2023 and payable on 21 April 2023. The entitlement date has been fixed on 5 April 2023. The second interim dividend distribution for the financial year ending 30 June 2023 will amount to RM33.74 million. With this, the total dividend distribution for the financial period ended 31 December 2022 is approximately RM60.7 million.
