stoto

Full-Year Results

In the current financial year ended 30 June 2024, SPToto reported revenue of RM6.3 billion, representing an increase of 3.4% over the revenue of RM6.1 billion reported in the previous year. The Group’s pre-tax profit has also increased by 1.2% to RM343.3 million compared to the pre-tax profit of RM339.3 million reported in the previous year, which was mainly attributed to improved performance from STM Lottery but partially offset by the lower results reported by H.R. Owen in the current year under review.

STM Lottery registered revenue and pre-tax profit growth of 4.3% and 29.6% respectively as compared to the previous year despite conducting fewer number of draws in the current year (167 draws versus 175 draws in the previous year). The revenue growth was due to the higher sales per draw driven by the higher accumulated jackpot prizes, whilst the increase in pre-tax profit was aligned with its revenue growth along with lower prize payout during the current year under review.

H.R. Owen’s revenue declined 3.3% in the current year ended 30 June 2024 as compared to the previous year, which was mainly attributed to lower volume of car sold from both new and used car sectors with the phasing out of certain current car models as well as the negative impact of challenging economic conditions in the United Kingdom (“UK”). However, with the favourable foreign exchange effect, it reported an increase in revenue of 5.0% when converted into Ringgit Malaysia, being the reporting currency of the Group. H.R. Owen also reported lower pre-tax profit of RM13.5 million as compared to RM41.2 million in last year. This was mainly attributed to higher operating costs incurred resulted from inflationary pressures coupled with higher depreciation following the completion and full operation of the Hatfield Centre, as well as the impact of UK interest rate hike in the current year under review.