RM874 pre-tax profit recorded by BCorp

One of the biggest groups in Malaysia, Berjaya Corporation Berhad or also known as BCorp recorded a pre-tax profit of RM874.26 million for the financial year ending 30 April 2011. This was boosted by some very exceptional gains after the disposal of some associated and subsidiaries which records at 47%. A year earlier, BCorp recorded a pre-tax profit of RM595.60million. This include the disposal of its 40% equity interest in Berjaya Sompo Insurance Berhad which was completed in the first quarter which means the BCorp now holds 30% of BSompo.

In relation to that, the revenue improved by 5% and climbed to RM7.11 billion which came largely from better performances in the retail and distribution business. The net profit for the full year was at RM348.08 million or 7.96 sen per share. For financial year 2010, it recorded a full year net-profit of RM79.99 million. For this, dividends for the final quarter was declared at 2 sen per share which means that the total payout for the entire financial year is 7 sen per share. As for the last quarter, the revenue is at RM1.87 billion while saw a slight drop of the pre-tax profit by 12% which is at RM261.6 million due to the impairment in the value of some property and investments.