Berjaya Corporation Berhad registered a revenue of RM2.23 billion in the current quarter ended 30 September 2024 compared to a revenue of RM2.57 billion in the corresponding quarter of the previous financial year. The Group also incurred a pre-tax loss of RM101.58 million in the current quarter under review as compared to a pre- tax profit of RM97.30 million in the previous year corresponding quarter.

The performance of the Group's results in the current quarter under review was attributed to lower contributions from most of its business units. The retail (Non-Food) segment recorded a lower revenue, mainly contributed by H.R. Owen Plc ("H.R. Owen"). The company reported lower revenue in its reporting currency, the Sterling Pound, and this decline was further increased when converted to Ringgit Malaysia due to unfavorable foreign exchange effects. The drop in revenue was mainly attributed to lower sales volume from the new car sector, which was impacted by the product life cycle of car models being phased out.

Retail (Food) segment also reported a lower revenue and a pre-tax loss, mainly due to the prolonged impact from the ongoing sentiment in relation to the Middle East conflict. Property segment reported a lower revenue and a pre-tax loss in the current quarter, mainly due to the completion of The Tropika Bukit Jalil project in the preceding quarter and lower sales of the residence units of an overseas project.

Hospitality segment posted a higher revenue driven by higher overall occupancy rates during the current quarter as compared to the previous year corresponding quarter. The lower pre-tax profit reported was mainly due to the higher operating expenses incurred in the current quarter under review.

Services segment reported a lower revenue in the current quarter, mainly due to the gaming business operated by STM Lottery Sdn Bhd having two fewer draws (40 draws compared to 42 draws