BJCORP ... Jan10

BERJAYA CORPORATION recorded a 126.6% increase in PBT for 2QE Oct 2009 to RM178.4m from RM78.8m same quarter a year ago while Revenue grew 0.56% to RM1.61 bil from RM1.60 bil same quarter a year ago.

QOQ PBT LOWER
BERJAYA CORP said that the lower PBT for 2QE Oct 2009 r compared to 1QE Jul 2009 was mainly due to higher marketing expenditure incurred by COSWAY (M) sb in setting up franchise stores and lower net investment related income.

The higher revenue was mainly due to the gaming business having additional draws in the current quarter as well as higher sales registered by COSWAY and SINGER MALAYSIA sb, it said.

1HE OCT 2009 PBT 68% HIGHER
BERJAYA CORPORATION posted a 68.15% rise in PBT to RM362.6m for 1HE Oct 2009 compared with RM215.6m for same period a year ago.

Revenue rose 4.24% to RM3.22 bil in 1HE Oct 2009 from RM3.09 bil same period a year ago according to EXCHANGE filings Dec 23, 2009.

BERJAYA CORP said that the increase in PBT and revenue was mainly due to higher profit contributions from the consumer marketing, stock broking and general insurance businesses and higher share of profits from associated firms.

According to the Group, operating performance for the remaining quarters of the financial year will remain satisfactory as it expects the numbers forecast operators business under BERJAYA SPORTS TOTO and the direct selling business under COSWAY to remain resilient.