BCorp In The Black After Disposals, Reports RM446 Million NP For FY24

Business Today · Aug 29 21:44

Berjaya Corporation Berhad posted a revenue of RM2.46 billion and a pre-tax loss of RM91.64 million for the fourth quarter ended 30 June 2024. This compares to a revenue of RM2.56 billion and pre-tax loss of RM8.70 million reported in the corresponding quarter of the previous year.

For the full year, the group reported a higher pre-tax profit of RM673.82 million and profit after tax of RM446 million for the financial year, a significant increase from RM260.84 million and RM110 million loss in the previous financial year. This was mainly due to the gain on disposal of subsidiary companies totalling RM498.33 million and a RM154.05 million gain on remeasurement of retained equity interest in a former subsidiary company.

However, the operational profit was impacted due to the retail segment's performance decline.

As for outlook, BCorp expects the performance of the domestic business segments is expected to improve onthe back of strong consumer spending and improvement in tourism activities. However, the closure of legal Number Forecast Operators outlets in Kedah and Perlis may result in the proliferation of illegal operators in these areas.

Taking into account of the aforesaid and barring any unforeseen circumstances, the Board said it is cautiously optimistic that the performance of the business operations of the Group for the financial year ending 30 June 2025 to be satisfactory.

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BCorp In The Black After Disposals, Reports RM446 Million NP For FY24

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