Berjaya Corp posts 3Q net profit of RM32.46m vs net loss RM156m yr ago

KUALA LUMPUR: Berjaya Corp Bhd posted net profit of RM32.46 million
in the third quarter ended Jan 31, 2011 compared with net loss of
RM156.20 million a year ago on higher profit contribution from gaming,
stockbroking, direct selling, retail and distribution businesses.
It said on Wednesday, March 30 that revenue rose to RM1.77 billion
from RM1.66 billion while earnings per share were 0.74 sen compared with
loss per share of 3.75 sen.
“The pre-tax loss of RM50.2 million in the previous year
corresponding quarter was mainly due to the non-cash dilution effects
amounting to RM150.46 million when the group's interest in BERJAYA LAND
BHD []
(BLand) was diluted from 56.44% to 53.25% arising from the conversion
of BLand ICULS to BLand shares upon its maturity on Dec 30, 2009,” it
said.
For the nine-month period, it recorded net profit of RM244.47
million, a contrast from the net loss of RM64.47 million in the previous
corresponding period. It posted pre-tax profit of RM612.64 million
compared with RM309.58 million a year ago.
“The lower pre-tax profit in the previous year corresponding period
was mainly due to the abovementioned loss on dilution of interest in
subsidiary companies,” it said.
Revenue rose 7.2% to RM5.24 billion from RM4.89 billion mainly due to
the higher revenue contributions from the retail and distribution
business.
(theedge)

bjcorp the sleeping giant [You must be registered and logged in to see this image.]

bjcorp finally moving

Netsoft wrote:bjcorp finally moving [You must be registered and logged in to see this image.]

Hopefully ... beware of old fox [You must be registered and logged in to see this image.]