Berjaya Corporation - Berjaya Corporation Berhad

BERJAYA University College (“BUC”) has made an outstanding mark in the ASEAN 2025 Public & Private University Rankings by AppliedHE, a prestigious Singapore-based organisation that focuses on higher education benchmarking.

The institution has achieved the top position in the highly competitive Teaching and Learning sub-category, showcasing its exceptional commitment to academic excellence. This recognition highlights BUC’s innovative and immersion teaching methodology that significantly contributes to student success and learning outcomes.

Puan Norlela Baharudin, Chairperson of the Board of Governors of BUC, shared: “The Berjaya Immersion Methodology for Teaching and Learning, along with industry collaboration supported by Berjaya diverse group of companies have proven that this synergy is our key to success. Our strong brand backed by the Berjaya name and dedicated faculty members make BERJAYA University College stand out in the education field.”

The comprehensive evaluation process, conducted between second quarter and third quarter of 2024, assessed universities across multiple dimensions such as Teaching and Learning, Employability, Research, Community Engagement, Internationalisation, and Institutional Reputation. It involved detailed submissions and surveys from students and stakeholders, underscoring the trust and confidence placed in the university college’s academic offerings.

“By receiving this recognition in the top ranking of Teaching and Learning sub-category, it resonates with our focus on Outcome Based Education approach to our students, which acts as the mantra of all education,” Puan Norlela added.

In addition to this remarkable achievement, BUC has secured an impressive No. 39 ranking in the Private University category, placing it firmly among the top 100 private universities in ASEAN on its very first appearance in the rankings.

This exceptional recognition is a testament to the vision and dedication of the entire BUC community. The institution remains committed to upholding its high standards as it continues its journey of excellence in higher education.

About BERJAYA University College
BERJAYA University College is Malaysia’s premier private University College which officially opened its doors to its inaugural intake of students in January 2009. Located on Level 11, West of Berjaya Times Square, Kuala Lumpur Malaysia, the University College offers programmes related to Business, Culinary Arts, Communication & Media Arts, Hospitality, Tourism, Events and Services Industries with emphasis on experiential learning from foundation to postgraduate levels. Programmes are offered under four (4) Faculties, the Faculty of Business, the Faculty of Culinary Arts, the Faculty of Hospitality & Tourism, and the Faculty of Liberal Arts. For more information on BERJAYA UC, please visit www.berjaya.edu.my.

For media inquiries, please contact Encik Muhamad Hazrin from BUC at hazrin@berjaya.edu.my.

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Vincent Tan-linked vehicle emerges as substantial shareholder in Berjaya Food with 8.09% stake

News Coverage / Berjaya Corporation

NEWS COVERAGE

Vincent Tan-linked vehicle emerges as substantial shareholder in Berjaya Food with 8.09% stake

Date: 30 November 2024
Publication: The Edge, Malaysia

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成功食品出现新大股东Detik Ria购入8.011%

News Coverage / Berjaya Corporation

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成功食品出现新大股东Detik Ria购入8.011%

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BERJAYA CORPORATION BERHAD REPORTS RM2.23 BILLION REVENUE FOR Q1FY2025 ENDED 30 SEPTEMBER 2024

Press Release / Berjaya Corporation

registered a revenue of RM2.23 billion in the current quarter ended 30 September 2024 compared to a revenue of RM2.57 billion in the corresponding quarter of the previous financial year. The Group also incurred a pre-tax loss of RM101.58 million in the current quarter under review as compared to a pre-tax profit of RM97.30 million in the previous year corresponding quarter.

PRESS RELEASE

BERJAYA CORPORATION BERHAD REPORTS RM2.23 BILLION REVENUE FOR Q1FY2025 ENDED 30 SEPTEMBER 2024

Date: 28 November 2024

Venue: Kuala Lumpur

For the 1st Quarter ended 30 September 2024

Berjaya Corporation Berhad (“BCorp” or “The Group”) registered a revenue of RM2.23 billion in the current quarter ended 30 September 2024 compared to a revenue of RM2.57 billion in the corresponding quarter of the previous financial year. The Group also incurred a pre-tax loss of RM101.58 million in the current quarter under review as compared to a pre-tax profit of RM97.30 million in the previous year corresponding quarter.

The performance of the Group’s results in the current quarter under review was attributed by the following business segments:

Retail (Non-Food) segment recorded a lower revenue, mainly contributed by H.R. Owen Plc (“H.R. Owen”). The company reported a lower revenue in its reporting currency, the Sterling Pound and this decline was further increased when converted to Ringgit Malaysia due to unfavourable foreign exchange effects. The drop in revenue was mainly attributed to lower sales volume from the new car sector, which was impacted by the product life cycle of car models being phased out. Additionally, manufacturers’ shift towards electrification and hybrid car reengineering, coupled with challenging economic conditions and uncertain sentiments in the United Kingdom (“UK”) following the UK General Election held in July 2024 further softened sales in the current quarter under review. A pre-tax loss reported, primarily due to H.R. Owen’s reduced revenue and margin compression. This was a result of intense price competition caused by an oversupply of cars from certain manufacturers. Consequently, H.R. Owen incurred a pre-tax loss, compared to a pre-tax profit recorded in the same quarter last year, reflecting the combined impact of reduced revenue and margin compression.
Retail (Food) segment also reported a lower revenue and a pre-tax loss, mainly due to the prolonged impact from the ongoing sentiment in relation to the Middle East conflict.
Property segment reported a lower revenue and a pre-tax loss in the current quarter, mainly due to the completion of The Tropika Bukit Jalil project in the preceding quarter and lower sales of the residence units of an overseas project.
Hospitality segment posted a higher revenue driven by higher overall occupancy rates during the current quarter as compared to the previous year corresponding quarter. The lower pre-tax profit reported was mainly due to the higher operating expenses incurred in the current quarter under review. Page 1 of 2 • Services segment reported a lower revenue in the current quarter, mainly due to the gaming business operated by STM Lottery Sdn Bhd having two fewer draws (40 draws compared to 42 draws in the corresponding quarter of the previous year) and lower average sales per draw, following smaller accumulated jackpot prizes in the current quarter. However, this was mitigated by higher revenue reported by the managed telecommunications network services (“MTNS”) and Cloud & Internet-of-Things (“IoT”) businesses. Additionally, a higher pre-tax profit was reported, mainly due to the higher gross profit from the MTNS business, as well as the deconsolidation effect of Singapore Institute of Advanced Medicine Holdings Ltd. These factors offset the lower pre-tax profit reported by STM Lottery.

On the consolidation basis, the Group incurred a pre-tax loss for the current quarter under review after taking into account of fair value losses from other investments and impairment on investment in associated companies, as well as higher foreign exchange losses incurred in the current quarter.

Dividend
The Board did not recommend any dividend for the financial period ended 30 September 2024.

Future Prospects
Malaysia’s economic growth is expected to be driven by strong domestic demand and the moderation of average inflation rate despite the uncertainties arising from geo-political tensions. The Group will monitor the prevailing global and local political development in the countries where the Group has business operations.

The performance of the domestic business segments of the Group is expected to improve on the back of strong consumer spending and improvement in tourism activities. As for the gaming business, the closure of legal Number Forecast Operator outlets in Kedah and Perlis will result in the proliferation of illegal operators in these underserved areas.

Taking into account of the aforesaid and barring any unforeseen circumstances, the Directors are cautiously optimistic that the performance of the business operations of the Group for the remaining quarters of the financial year ending 30 June 2025 to be satisfactory.