BCorp net loss narrows to RM35.8mil in 3Q

TheStar Mon, May 30, 2022 06:27pm - 1 year View Original


KUALA LUMPUR: Berjaya Corp Bhd’s (BCorp) net loss narrowed to RM35.88mil in the third quarter (3Q) ended March 31 from a net loss of RM87.56mil a year earlier.

The conglomerate’s revenue rose 33% to RM2.42bil in 3Q as compared to RM1.82bil last year, mainly due to the services and retail segments.

ALSO READ: BFood reports almost 3-fold profit jump in 3Q

In a statement, BCorp said the higher revenue reported by the non-food retail businesses was mainly due to the revenue reported by H.R. Owen Plc (HR Owen), arising from the higher sales recorded from both new and used car sectors upon the full resumption of its business operations for the quarter under review.

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