Latest news with #RM1.9bil
The Star
20-05-2025
- Automotive
- The Star
Sports Toto's third-quarter net profit soars 54%
Sports Toto remained optimistic despite ongoing uncertainties and global economic headwinds. PETALING JAYA: Sports Toto Bhd expects continued growth in its number forecast operations, supported by healthy consumer spending and sustained interest in jackpot games. 'Further, in regard to the closure of legal number forecast operator ( O) outlets in the two Northern states (Kedah and Perlis), we are concerned with the continued encroachment of illegal operators in these underserved areas,' the number forecast operator said in the notes accompanying its financial results. Sports Toto remained optimistic despite ongoing uncertainties and global economic headwinds, including trade protectionism and inflationary tariffs. Its board of directors is confident that the company will maintain its leading market share in the O segment. It also expects its overall business performance to remain encouraging with a positive outlook for the remaining quarter of the financial year ending June 30, 2025 (FY25). In the third quarter ended March 31, Sports Toto's net profit jumped 54.3% to RM105.6mil, bringing its nine-month net profit to RM196.7mil. Revenue rose 12.5% to RM1.9bil, lifting its nine-month revenue to RM4.83bil. Sports Toto said the increase in revenue and rise in profit were mainly attributable to the strong performance of STM Lottery Sdn Bhd as well as improved performance from H.R. Owen. STM Lottery achieved a stronger revenue growth of 20.8% as compared to the corresponding quarter of the previous year. This is given that the number of draws remained the same in both quarters. This was primarily driven by an exceptional surge in the accumulated jackpot from Supreme Toto 6/58 game. Its pre-tax profit rose by 45.8% in the current quarter, as compared to the corresponding quarter of the previous year. For the quarter ended March 31, H.R. Owen recorded a 14% increase in revenue, mainly driven by higher sales volumes in both the new and used car segments. pre-tax profit increased to RM17.9mil from RM11.3mil in the last year same quarter which aligned with the improved revenue attained. The board has declared a third interim dividend of two sen per share for FY25. The dividend will be paid on July 18, with the entitlement date set for June 30. Based on 1.33 billion ordinary shares, the payout will amount to RM26.7mil. This brings the total dividend distribution for the financial period ended March 31 to about RM80.3mil.
The Star
20-05-2025
- Business
- The Star
Sports Toto posts 54% jump in 3Q profit, declares 2.0 sen dividend
KUALA LUMPUR: Sports Toto Bhd expects continued growth in its number forecast operations, supported by healthy consumer spending and sustained interest in jackpot games. 'Further, in regard to the closure of legal NFO outlets in the two Northern states (Kedah and Perlis), we are concerned with the continued encroachment of illegal operators in these underserved areas,' the number forecast operator said in the notes accompanying its financial results. Sports Toto remained optimistic despite ongoing uncertainties and global economic headwinds, including trade protectionism and inflationary tariffs. Its board of directors is confident that the company will maintain its leading market share in the NFO segment. It also expects its overall business performance to remain encouraging with a positive outlook for the remaining quarter of the financial year ending June 30, 2025 (FY25). In the third quarter ended March 31, Sports Toto's net profit jumped 54.3% to RM105.6mil, bringing its nine-month net profit to RM196.7mil. Revenue rose 12.5% to RM1.9bil, lifting its nine-month revenue to RM4.83bil. Sports Toto said the increase in revenue and rise in profit were mainly attributable to the strong performance of STM Lottery Sdn Bhd as well as improved performance from H.R. Owen. STM Lottery achieved a stronger revenue growth of 20.8% as compared to the corresponding quarter of the previous year, given that the number of draws remained the same in both quarters. This was primarily driven by an exceptional surge in the accumulated jackpot from Supreme Toto 6/58 game. Its pre-tax profit rose by 45.8% in the current quarter, as compared to the corresponding quarter of the previous year. For the quarter ended March 31, H.R. Owen recorded a 14.0% increase in revenue, mainly driven by higher sales volumes in both the new and used car segments. However, when converted into ringgit — the group's reporting currency — revenue growth was limited to 6.9% due to unfavourable foreign exchange effects. pre-tax profit increased to RM17.9mil from RM11.3mil in the last year same quarter which aligned with the improved revenue attained. The board has declared a third interim dividend of 2.0 sen per share for FY25. The dividend will be paid on July 18, with the entitlement date set for June 30. Based on 1.33 billion ordinary shares, the payout will amount to RM26.7mil. This brings the total dividend distribution for the financial period ended March 31 to about RM80.3mil.
The Star
09-05-2025
- Business
- The Star
FBM KLCI ends higher amid global trade optimism, ringgit falls
KUALA LUMPUR: The FBM KLCI ended Friday on a positive note as global trade talks lifted investor sentiment, though the ringgit weakened against the US dollar. The market bellwether closed at 1,546.50, up 0.24% or 3.76 points, taking its full-week gains to 0.26%. Market breadth was flat, with gainers and decliners nearly even at 454 and 459, respectively, while 517 counters remained unchanged. Turnover stood at 2.94 billion shares worth RM1.9bil. Among the gainers, PETRONAS Dagangan rose 56 sen to RM20.38, Heineken added 22 sen to RM27.62, Chin Tek Plantations gained 18 sen to RM8.38 and TMK Chemical climbed 16 sen to RM1.30. On the other hand, Nestle tumbled RM2.02 to RM84.50, Kluang fell 22 sen to RM5.43, Allianz lost 14 sen to RM18.96 and PGF slid 12 sen to RM1.78. Meanwhile, the ringgit weakened by 0.47% against the greenback to 4.3007 and by 0.3% against the Singapore dollar to 3.3131. Reuters reported that the ringgit and Thailand's baht led losses among subdued Asian currencies on Friday, as a firmer dollar weighed on sentiment. The local currency fell as much as 1.1% to 4.322 per dollar, its weakest point since May 2, snapping a five-week winning streak with a sharp weekly decline of nearly 3%, Reuters added. Among the key regional markets: Japan's Nikkei 225 closed up 1.56% to 37,503.33; South Korea's Kospi fell 0.08% to 2,577.27; Hong Kong's Hang Seng Index rose 0.4% to 22,867.74; China's CSI 300 Index declined 0.17% to 3,846.16; Taiwan's Taiex advanced 1.81% to 20,915.04 and; Singapore's Straits Times Index added 0.7% to 3,875.19 points.
The Star
29-04-2025
- Business
- The Star
DXN posts record RM329mil net profit for FY25
DXN Holdings Bhd executive chairman and founder Datuk Lim Siow Jin KUALA LUMPUR: DXN Holdings Bhd chalked up a record net profit of RM329mil for the financial year ended Feb 28, 2025 (FY25), up 5.8% from RM310.9mil in the year ago. The nutraceutical products manufacturer's FY25, revenue climbed 5.8% year-on-year to a new record of RM1.9bil, exceeding the RM1.8bil achieved in FY24. DXN said this achievement was primarily driven by robust sales in key markets such as Peru, Bolivia, the Middle East, and Turkey, supported by sustained and effective marketing efforts that actively kept members engaged throughout the year. 'We are pleased to have delivered another set of record-breaking financial results this year, reaffirming the resilience of our business model and the effectiveness of our long-term growth strategies. This strong performance reflects not only the continued momentum across our key markets but also the encouraging progress from our expansion into new frontiers such as Brazil and Argentina,' executive chairman and founder Datuk Lim Siow Jin said in a statement. He noted that the recent entry into Brazil and Argentina has gained encouraging traction, as sales and member recruitment are growing steadily. Lim said these markets represented significant opportunities within the broader Latin American region. He added that the company was well-positioned to capture this potential by leveraging its robust member network and strong brand presence in neighbouring countries such as Mexico, Peru, Bolivia, and Colombia. 'Looking ahead, DXN remains focused on sustaining its growth trajectory through ongoing product innovation, driven by robust research and development, alongside continued enhancements in production efficiency. These strategic efforts are key to meeting evolving consumer needs and reinforcing our role as a leading player in the global health and wellness sector over the long term,' Lim said. In the fourth quarter ended Feb 28, DXN reported a 7.2% increase in net profit to RM84.7mil, although revenue declined by 2.5% to RM458.9mil. The board of directors has declared a fourth interim dividend of 1.0 sen per ordinary share for FY25, amounting to RM49.7mil. The dividend will be paid on May 30. Pantech said the FY25 dividend represents 55.9% of net profit, reflecting its commitment to its dividend policy of paying at least 50% of net profit to shareholders.
