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Group revenue for the current quarter increased to RM979 million, a 21% or RM169million increase over the corresponding quarter in the previous year (“corresponding quarter”). Group operating profit is, at RM338 million, higher by RM68 million.
Power Generation revenue increased by 21% from RM572 million to RM693 million in the current quarter mainly due to higher capacity and energy payments from its Malaysian power plants. The operating profit of the Power Generation segment has increased by RM65 million or 33% to RM265 million in the current quarter due to the aforementioned increase in revenue and lower corporate and business development costs.
Gross sales proceeds from the NFO business increased to RM530 million from RM520 million due to two additional draws conducted in the current quarter. There was a reduction in NFO prize payout ratio from 64% to 63%. The operating profit of the Gaming segment remained at around RM62 million with an increase in totalisator expenses in the Racing Totalisator business.
In the Leisure segment, improved attendances and spending in Tropical Islands together with the contribution from TGV Cinemas Sdn Bhd (“TGV”), (which became a wholly-owned subsidiary on 31 July 2008), resulted in a RM39 million revenue increase from RM35 million to RM74 million in the current quarter. This enabled the Leisure segment to report an operating profit of RM1.2 million in the current quarter as compared to a RM2.2 million loss in the corresponding quarter.
Net investment income has reduced mainly due to the recognition, in the corresponding quarter, of investment gains from the disposal of the Group’s interest in Arqiva amounting to RM62 million.
For the period under review, Group profit attributable to shareholders was lower by RM10 million from RM201 million to RM191 million. Accordingly, net earnings per share was lower at 47.5 sen from 49.8 sen in the corresponding quarter.
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