May 25, 2017 8:12 PM ET

Hotels, Restaurants and Leisure

Company Overview of Sports Toto Malaysia Sdn. Bhd.

Company Overview

Sports Toto Malaysia Sdn. Bhd. is a lotto operator in Malaysia. It offers its game tickets through its outlets in Malaysia. The company was incorporated in 1969 and is based in Kuala Lumpur, Malaysia. Sports Toto Malaysia Sdn Bhd. operates as a subsidiary of Berjaya Sports Toto Berhad.

Berjaya Times Square

Level 13-01

No. 1

Jalan Imbi

Kuala Lumpur,  55100

Malaysia

Founded in 1969

Phone:

60 3 2148 9888

Fax:

60 3 2141 9581

Key Executives for Sports Toto Malaysia Sdn. Bhd.

Executive Director
Compensation as of Fiscal Year 2016.

Sports Toto Malaysia Sdn. Bhd. Key Developments

Sports Toto Malaysia Sdn Bhd Reports Revenue Results for the Third Quarter Ended 31 January 2017

Sports Toto Malaysia Sdn Bhd reported revenue results for the third quarter ended 31 January 2017. The company reported lower revenue in the current quarter mainly due to STM making an additional Goods and Services Tax adjustment of MYR 15.6 million against its revenue pursuant to a notification from the Royal Malaysian Customs Department due to a different interpretation on the value of gaming supply.

Sports Toto Malaysia Sdn. Bhd. Reports Unaudited Earnings Results for the Third Quarter and Nine Months Ended Jan. 31, 2017

Sports Toto Malaysia Sdn. Bhd. reported unaudited earnings results for the third quarter and nine months ended Jan. 31, 2017. It registered a marginal increase in revenue of 0.3% as compared to the previous year corresponding quarter. The current quarter's revenue benefited from seasonally higher sales during Chinese New Year festive period, strong sales from high jackpot in the 4D jackpot game as well as higher number of draws. However, the pre-tax profit was lower by 7.8% as compared to previous year corresponding quarter, mainly due to the aforesaid GST adjustment and higher operating expenses but partly mitigated by lower prize payout in the current quarter under review. As compared to the previous year corresponding period, Sports Toto reported a drop in revenue of 0.9%. Excluding the aforesaid GST adjustment, the decrease in revenue would have been 0.3%. Pre-tax profit decreased by 8.5% as compared to the previous year corresponding period mainly due to the aforesaid GST adjustment and higher operating expenses incurred but partly mitigated by lower prize payout in the current period under review.

Sports Toto Malaysia Sdn. Bhd. Reports Audited Earnings Results for the Year Ended April 30, 2016

Sports Toto Malaysia Sdn. Bhd. reported audited earnings results for the year ended April 30, 2016. For the financial year ended 30 April 2016, Sports Toto recorded revenue of MYR 3.18 billion compared to the previous year's revenue of MYR 3.23 billion. The company's revenue for the financial year under review has been stated net of Gaming Tax as well as Goods and Services Tax ("GST") on gaming supply introduced by the Royal Malaysian Customs on 1 April 2015. The decrease of 1.6% in revenue was mainly due to the implementation of GST on gaming supply for the full twelve months in the financial year ended 30 April 2016, compared to only one month for the corresponding financial year ended 30 April 2015. Setting aside the GST impact, the decrease in revenue would be 0.07% compared to the corresponding financial year ended 30 April 2015. Sports Toto's pre-tax profit decreased by 13.0% to MYR 415.1 million compared to MYR 477.2 million in the previous financial year. The lower profit before tax was mainly due to higher prize payout as well as a full twelve-month GST impact in the financial year under review compared to a one-month GST impact in the corresponding financial year ended 30 April 2015. Profit after tax decreased by 11.7% to MYR 298.5 million compared to MYR 338.1 million in the previous financial year. The lower profit after tax margin of 9.4% compared to 10.5% in the previous financial year was mainly due to higher prize payout as well as a full twelve-month GST impact in the financial year under review, compared to a one-month GST impact in the corresponding financial year ended 30 April 2015.

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

The information and data displayed in this profile are created and managed by S&P Global Market Intelligence, a division of S&P Global. Bloomberg.com does not create or control the content. For inquiries, please contact S&P Global Market Intelligence directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
The Advertising Council, Inc. United States
Rush University United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact Sports Toto Malaysia Sdn. Bhd., please visit www.sportstoto.com.my. Company data is provided by S&P Global Market Intelligence. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.