Sports Toto Malaysia reported an increase in revenue of 12.4% whilst its pre-tax profit dropped by 15.4% as compared to
the previous year corresponding quarter.
For the current quarter ended 30 September 2023, STM Lottery reported revenue growth of 7.2% despite a lesser
number of draws conducted in the current quarter (42 draws versus 46 draws in last year’s corresponding quarter). PAT came in at RM60 million against the RM71 million it achieved.
STM said the higher revenue achieved was driven by improvement in average sales per draw as well as higher accumulated jackpot prizes in both digit jackpot and lotto games. However, it reported a drop in pre-tax profit of 4.2% mainly due to higher prize payout in the current quarter under review.
As compared to the previous year corresponding quarter, H.R. Owen’s revenue increased by 17.1% mainly attributed to improved new car sales contribution from its new multi-purpose showrooms, service centres and headquarter at Hatfield, as well as the favourable foreign exchange effect during the current quarter under review.
Its pre-tax profit dropped to RM0.4 million as compared to RM11.7 million in the last year same quarter, mainly due to higher operating expenses incurred coupled with higher finance costs arising from interest rate hike and higher stocking loans compared to the previous year corresponding quarter
