News

CORP BRIEF: BToto, NCT Alliance, Duopharma Biotech and Datasonic

by TMR / pic by MUHD AMIN NAHARUL

BToto’s 1Q21 earnings impacted by lockdowns

BERJAYA Sports Toto Bhd’s (BToto) revenue fell 40.7% to RM797.6 million in the first quarter 2021 (1Q21) compared to RM1.35 billion recorded last year. This was mainly due to the 88.7% drop in revenue recorded by Sports Toto Malaysia Sdn Bhd, its principal subsidiary, as there were only eight draws conducted in the current quarter compared to 42 draws in the corresponding quarter of the previous year. The drop in the results was primarily due to the cancelled draws and fixed operating expenses incurred in the current quarter under review that led to the group posting a pre-tax loss of RM12.4 million compared to a pre-tax profit of RM101.4 million in the corresponding quarter of the previous year.

NCT Alliance records a 6-fold YoY net profit

NCT Alliance Bhd registered a net profit of RM8 million for its third quarter ended Sept 30, 2021 (3Q21), with a significant improvement from RM1.2 million in 3Q20. In a filing to Bursa Malaysia yesterday, the company said this was achieved on the back of an improved revenue of RM26.3 million, a 31% jump from RM20.1 million in the previous year’s corresponding quarter. Cumulatively for the first nine months of the financial year, the group’s net profit grew to RM17.6 million from RM0.9 million in last year’s corresponding period, marking a substantial increase of 1,948%. Revenue for the nine-month period rose to RM91 million, up by 120% from RM41.4 million in the same period last year.

Duopharma Biotech posts RM16.9m net profit

DUOPHARMA Biotech Bhd posted net profit of RM16.96 million for the third quarter ended Sept 30, 2021, bolstered by higher demand from consumer healthcare and the public health sector. For the quarter the company also recorded revenue of RM171.8 million. Cumulatively, net profit jumped 18% in the first nine months this year to RM49.97 million, on the back of a 13% increase in revenue totalling RM493.73 million, the company said in a filing to Bursa Malaysia yesterday.

Govt extends Datasonic’s passport contract

DATASONIC Group Bhd has received letter of extensions from the Home Ministry yesterday for the supply of the Malaysian passport chips, documents and polycarbonate biodata pages for a period of 24 months from Dec 1, 2021. In a statement yesterday, the company said the contract extension will give earnings visibility for the next 24 months.

RELATED ARTICLES

Tuesday, August 30, 2022

FBM KLCI ends morning session lower

Wednesday, May 9, 2018

PPB proposes bonus share issue

Zukri

Recent Posts

India at 75: Rising power finding its place on global stage

NEW DELHI – Three-quarters of a century after independence, India is a nuclear power about…

10 mins ago

OMH pays Cahya Mata Sarawak US$120m to fully own Bintulu flagship smelter

by M. JAY SHEILA DUAL-listed  OM Holdings Ltd (OMH) now fully owns its flagship smelter…

21 mins ago

Bursa Malaysia opens lower

KUALA LUMPUR – Bursa Malaysia was lower in the early trade today, taking its cue…

24 mins ago

Ringgit opens flat against US dollar

THE ringgit opened flat against the US dollar today as the greenback continued to strengthen…

25 mins ago

Adobe Cuts 100 Jobs Concentrated in Sales as Tech Tightens Belt

ADOBE Inc. has eliminated about 100 jobs, concentrated in sales, joining many other tech companies…

2 hours ago

Stop bickering, focus on nation’s affairs – experts

KUALA LUMPUR – Five days have passed since the announcement of the new 28-member Cabinet…

2 hours ago