KUALA LUMPUR (March 19): Berjaya Sports Toto Bhd’s (BToto) shares fell 2.53% this morning after its net profit for its third quarter ended Jan 31, 2019 came in flat at RM59.07 million, compared with RM59.23 million in the year-ago quarter.

At 9.32am, Btoto fell 6 sen to RM2.31 with 516,200 shares traded.

Revenue contracted 3% to RM1.36 billion from RM1.4 billion previously, due to lower sales from the used car segment at HR Owen, and lower contribution from Philippine Gaming Management Corp.

The board declared a third interim dividend of 3.5 sen, payable on May 10, bringing its to-date cumulative dividend to 11.5 sen from 12 sen in the previous corresponding period.

For the nine-month period, Berjaya Sports Toto’s net profit grew 5.6% to RM206.25 million from RM195.28 million a year ago, although cumulative revenue contracted 1.1% to RM4.21 billion from RM4.26 billion.

BToto anticipates its number forecast operator business to perform satisfactorily for the remaining quarter of its financial year ending April 30, 2019.