Berjaya Corp Net Loss Narrows To RM88.68 Mln In 2Q FY2025

KUALA LUMPUR, Feb 27 (Bernama) -- Berjaya Corporation Bhd’s net loss for the second quarter (2Q) of the financial year ended Dec 31, 2024 (FY2025), narrowed to RM88.68 million from RM120.77 million last year.

Revenue for the quarter contracted to RM2.20 billion from RM2.23 billion previously, notably as the group made significant progress by reducing its pre-tax loss.

For the cumulative six months, the net loss stood at RM256.53 million from RM109.70 million, while the revenue was RM4.43 billion from RM4.80 billion last year.

In a Bursa Malaysia filing today, the conglomerate said that it made significant progress by reducing its pre-tax loss to RM39.02 million in the current quarter under review compared to a pre-tax loss of RM119.30 million reported in the previous year’s corresponding quarter.

On prospects, Berjaya said that Malaysia’s economic growth is expected to be driven by strong domestic demand and the moderation of the average inflation rate despite the uncertainties arising from ongoing geo-political tensions.

“The group will keep a close watch on the global and local political developments in the countries where it operates,” it said.

Berjaya said that the performance of the domestic business segments is expected to improve, supported by strong consumer spending and improvement in tourism activities.

“As for the gaming business, it is expected to maintain its growth trajectory to achieve commendable results,” it said.

Berjaya remains cautiously optimistic about its business operations for the remaining quarters of the financial year ending June 30, 2025, barring any unforeseen circumstances.

-- BERNAMA