Berjaya Corp first quarter profit up 35%
Filed Under (Business News) by Webmaster on 30-09-2009
Tagged Under : BCorp, Berjaya Corporation
Berjaya Corporation Berhad (BCorp) recorded a higher revenue of RM1.61billion in the first quarter of the financial year ending 30 April 2010 as compared to previous quarter of RM1.49billion. The quarter also registered a higher pre-tax profit of RM184.3million, an increase of 35% compared with a pre-tax profit of RM136.8million previously.
BCorp in their statement that the higher profit was due to improved results recorded in the consumer marketing, financial services and gaming businesses, write-back of impairment in value of investments in associated companies and quoted investments and recognition of negative goodwill, arising mainly from additional investment in Berjaya Land Berhad.
The group’s board previously proposed an interim dividend-in-specie of 15 BMedia shares for every 1,000 BCorp shares held, or equivalent to a dividend rate of 2.35% single-tier exempt dividend per share and a final dividend of 1% single-tier exempt dividend per share in respect of the financial year ended 30 April 2009.
The proposed interim dividend-in-specie and the final dividend are pending approvals of the shareholders of the company. The entitlement date and the payment date of the proposed interim dividend-in-specie as well as the proposed final dividend shall be announced later.
