Magnum Group registered a total revenue of RM537.1 million for the current quarter, which was RM55.0 million or 11.4% higher than that in previous year’s corresponding quarter. In line with the higher revenue, the current quarter’s profit before tax at RM62.3 million which was RM24.2 million or 63.4% higher when compared to RM38.1 million recorded in previous year’s corresponding quarter.
The group said the higher revenue was mainly contributed by the Gaming division, which also contributed to the higher pre-tax profit. Despite lower number of draws in the current quarter (2023 : 40 draws; 2022 : 42 draws), Gaming revenue of RM537.1 million was higher than previous year’s corresponding quarter by RM55.1 million or 11.4%. The increase was due to improved net sales per draw, especially the 4D Jackpot game, where there was a strong jackpot run during the current quarter. The Gaming division recorded a pre-tax profit at RM60.5 million which was RM20.7 million higher when compared to RM39.8 million recorded in previous year’s corresponding quarter. The higher gaming pre-tax profit was mainly due to higher gaming sales and coupled with lower prizes payout and operating expenses recorded in the current quarter.
As for the six months to date, the Group registered a total revenue of RM1.08 billion, which is RM99.9 million higher than the previous year’s corresponding period of RM983.2 million. In line with the higher revenue, the profit before tax has increased by RM18.8 million to RM89.4 million when compared to RM70.6 million achieved in the previous year’s corresponding period.
Despite lower number of draws (2023 : 81 draws; 2022 : 85 draws ) conducted in the first half of 2023, the gaming sales of RM1.08 billion recorded was higher than last year’s corresponding period by RM100.1 million or an increase of 10.2%.
In line with higher gaming sales, gaming pre-tax profit increased by RM13.5 million from RM80.4 million recorded in the previous year’s corresponding period to RM93.9 million.
