Author name: Berjaya Corporation

For the 6-month period ended 31 December 2024

For the current 6-month period ended 31 December 2024, the Group’s revenue growth was lowered by 1.3% mainly attributed to lower sales recorded by STM Lottery and H.R. Owen. Despite the drop in revenue, the Group reported a 9.5% increase in pre-tax profit for the current period under review, mainly driven by improved results from STM Lottery.

During the current period under review, STM Lottery reported a slight decline in revenue of 1.9% mainly due to lower number of draws conducted (81 draws versus 84 draws in the previous year’s corresponding period). Despite the drop in revenue, pre-tax profit increased by 10.5% mainly attributed to lower prize payout. H.R. Owen reported an increase in revenue of 2.4% as compared to the previous year’s corresponding period, with positive demand within the used car sector alongside a mix of sales volume and increased average selling price. In addition, the Lotus brand with its commencement of deliveries during the current reporting period has also contributed to the increase in revenue. However, due to the unfavourable foreign exchange, it reported a marginal drop in revenue of 0.5% when converted into Ringgit Malaysia, being the reporting currency of the Group.

H.R. Owen reported a higher pre-tax loss of RM19.3 million as compared to a pre-tax loss of RM15.5 million in the previous year’s corresponding period, attributed to higher operating expenses incurred associated with the additional new marque, as well as weaker new car sales due to under performance of certain existing brands represented.