BPROP 4219 Share Price

For financial year ended 30 June 2024, the Group registered a revenue of RM7.61 billion and pre-tax profit of RM192.52 million as compared to a revenue of RM7.27 billion and pre-tax profit of RM394.01 million reported in the previous financial year. The lower pre-tax profit mainly due to higher operating expenses incurred by the Group in line with the increase in the volume of business activities and also from inflationary pressures, lower profit contribution mainly attributed to higher depreciation incurred following completion and full operation of the Hatfield Centre, higher finance costs arising from higher amount of borrowings and interest rates and the share of losses from associated companies. Moving forward, 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 tensionsThe Group will monitor the prevailing global and local political development in the countries where the Group has business operations.

Despite the lower Group revenue reported in the current quarter, the Group reported a turnaround to pre-tax profit of RM96.36 million mainly due to higher profit contribution from both the hotel and resorts business segment and STM Lottery in tandem with their higher revenue as well as the lower prize payout reported by STM Lottery. In addition, the Group recorded a partial impairment loss on balance sale proceeds of Great Mall Project amounting to RM197.8 million in the preceding quarter ended 30 June 2022.

The Group reported a revenue of RM963.04 million and pre-tax loss of RM76.35 million as compared to a revenue of RM1.24 billion and pre-tax loss of RM74.16 million in the preceding quarter ended 30 June 2021. The Group reported a marginal increase of 3% in pre-tax loss despite mainly due to higher profit contribution from H.R. Owen mainly due to higher sales generated from new and used car sectors upon the lifting of UK lockdown restrictions in July 2021 coupled with higher support fee income received from franchises in the current quarter under review

The Group reported a revenue of RM1.46 billion and pre-tax profit of RM23.0 million. In the preceding quarter ended 30 June 2020, the Group’s businesses were temporarily closed for various periods of time due to the COVID-19 pandemic lockdowns in the countries where the Group operates. STMSB was only able to conduct 6 draws in the preceding quarter. The Group’s business segments have resumed operations in the current quarter and this led to the higher revenue reported by the Group

The Group reported a revenue of RM1.52 billion and pre-tax profit of RM232.68 million as compared to revenue of RM1.53 billion and pre-tax profit of RM11.19 million in the preceding quarter ended 31 December 2019. The lower Group revenue was mainly due to lower revenue registered by Sports Toto arising from the cancellation of 6 draws during the MCO period in March 2020, lower revenue from the hotels and resorts business segments from cancellation of room and events bookings resulting from concerns on Covid-19 pandemic and lower revenue from the property investment business segments mainly due to the 14-day rental relief granted to tenants