Sports Toto cautiously optimistic

PETALING JAYA: Sports Toto Bhd is cautiously optimistic that the number forecast operator business in Malaysia will continue its upward trajectory, driven by favourable consumer spending and moderate expansion of the economy.

For its first quarter ended Sept 30, 2023, Sports Toto’s net profit dipped to RM60.17mil from RM71.5mil in the previous corresponding period, while revenue grew to RM1.59bil from RM1.42bil.

Basic earnings per share stood at 4.52 sen versus 5.34 sen a year earlier, it said in a filing with Bursa Malaysia.