Sports Toto Berhad reported RM1.66 billion in revenue in the current quarter under review, registering a drop of 4.2% over the revenue of RM1.73 billion in the previous year’s corresponding quarter. The Group also registered RM40.0 million pre-tax profit, which is a decline of 67.4% from the pre-tax profit of RM122.4 million in the corresponding quarter of the previous year.
The group attributed the drop in results to the performance of STM Lottery Sdn Bhd and H.R. Owen Plc which reported a drop in revenue and pre-tax profit as compared to the previous year’s corresponding quarter. STM Lottery’s current quarter revenue was lower by 11.0% as it had a lesser number of draws (i.e. 41 draws versus 43 draws in the corresponding quarter) conducted in the current quarter under review. In addition, the higher revenue reported in the previous year corresponding
quarter was attributable to the Toto Supreme 6/58 lotto game reaching a record accumulated jackpot prize. The drop in pre-tax profit of 69.4% was in line with the lower revenue attained and the higher prize payout in the current quarter under review.
H.R. Owen’s revenue was on par with the previous year corresponding quarter. However, the revenue dropped by 3.5% when converted into Ringgit Malaysia, being the reporting currency of the Group, due to the unfavourable foreign exchange effect. Its pre-tax profit was lower by 86.3% to RM4.9 million from RM35.8 million recorded in the previous year corresponding
quarter.
In the current 9-month period ended 31 March 2023, SPToto reported revenue of RM4.5 billion, representing an increase of 18.9% over the revenue of RM3.8 billion reported in the previous year’s corresponding period. The Group’s pre-tax profit has also increased by 27.6% to RM242.1 million over the pre-tax profit of RM189.8 million reported in the previous year’s corresponding period. The higher revenue was mainly attributed to better performance attained by STM Lottery but partially set off by H.R. Owen’s results in the current period under review.
STM Lottery registered revenue and pre-tax profit growth of 47.7% and 57.6% respectively as compared to the previous year corresponding period. The improved results was primarily attributed to the full resumption of business operation in the current period ended 31 March 2023 whilst the previous year corresponding period business operations were adversely
affected following the cancellation of thirty seven (37) draws with the imposition of nationwide
lockdown from 1 June 2021 to 13 September 2021
The Board has declared a third interim dividend of 2.0 sen per share in respect of the financial year ending 30 June 2023 and payable on 21 July 2023. The entitlement date has been fixed on 30 June 2023. The third interim dividend distribution for the financial year ending 30 June 2023 will amount to RM27.0 million.
