April 24, 2018 11:25 PM ET

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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 2017.

Sports Toto Malaysia Sdn. Bhd. Key Developments

Sports Toto Malaysia Sdn. Bhd. Reports Unaudited Earnings Results for the Third Quarter and Nine Months Ended January 31, 2018

Sports Toto Malaysia Sdn. Bhd. reported unaudited earnings results for the third quarter and nine months ended January 31, 2018. The company recorded a drop in revenue of 3.3% as compared to the previous year corresponding quarter. The drop in revenue was mainly due to the previous year corresponding quarter which benefitted from the seasonally higher sales during the Chinese New Year festive period in January 2017 as well as having had higher number of draws. In spite of the drop in revenue, it registered an increase in pre-tax profit of 19.6% mainly attributed to lower prize payout in the current quarter coupled with higher operating expenses incurred in the previous year corresponding quarter. The company recorded a decrease in revenue of 0.6% mainly due to lower number of draws in the current period under review. In spite of the drop in revenue, pre-tax profit increased by 13.4% mainly due to lower prize payout in the current period under review. In addition, the increase in pre-tax profit for the current period was also attributable to the GST adjustment made in last year corresponding period due to different interpretation on the Value of Gaming Supply as well as higher operating expenses incurred.

Sports Toto Malaysia Sdn Bhd Reports Unaudited Consolidated Earnings Results for the First Quarter Ended July 31, 2017

Sports Toto Malaysia Sdn Bhd reported unaudited consolidated earnings results for the first quarter ended July 31, 2017. For the quarter, the company recorded a drop in revenue of 2.3% as compared to the previous year corresponding quarter. In spite of the drop in revenue, it registered an increase in pre-tax profit of 2.3% primarily due to lower prize payout in the current quarter under review.

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.

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