KUALA LUMPUR: Sports Toto Bhd's net profit jumped 37.94 per cent to RM221.92 million in the year ended June 30 2023 from RM160.89 million in 2022.
Group revenue went up 16.64 per cent to RM6.1 billion from RM5.23 billion a year ago.
The performance was mainly attributed to improved sales from STM Lottery Sdn Bhd and higher share of associated companies' profits.
But this was partially set off by car dealer HR Owen's lower results recorded in the current year under review.
In the fourth quarter, Sports Toto posted a higher net profit of RM62.34 million than the RM46.41 million recorded a year ago.
Group revenue stood at RM1.62 billion, an increase of 10.7 per cent year-on-year.
Sports Toto declared a fourth interim dividend of 2.5 sen per share for the financial year ended June 30, amounting to RM33.3 million payable on Oct 20.
The company expects the number forecast operation business to be driven by stronger consumer spending, easing inflation rates and positive momentum in the labour market.
It aid it planned to closely monitor the financial impact of global and local political, and economic developments particularly in the countries that the group has operations in