KUALA LUMPUR: BERJAYA SPORTS TOTO BHD [] posted net profit of RM102.54 million for the second quarter ended Oct 31, 2009, down 9.8% from RM113.74 million a year ago due to lower revenue from its main principal subsidiary, Sports Toto Malaysia Sdn Bhd.
It said on Thursday, Dec 10 group revenue and pre-tax profit fell 9.0% and 9.2% respectively. The decrease in revenue from RM941.8 million to RM857.1 million and decrease in pre-tax profit from RM162.4 million to RM147.4 million were mainly due to the lower revenue recorded by Sports Toto.
However, the decrease in revenue was mitigated by higher revenue reported by Prime Gaming Philippines, Inc.
"Sports Toto recorded a decrease in revenue and pre-tax profit of 9.4% and 8.9% respectively compared to the previous year's corresponding quarter.
"The decrease in revenue was mainly due to the previous year having the benefit of stronger sales from the high Jackpots in the Mega 6/52 game. The lower decrease in pre-tax profit was due to a lower prize payout in the current quarter," it said.
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