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BToto’s outlook isn’t as bad as perceived
Ng Wai Mun | 01 Dec 2017 00:30
Berjaya Sports Toto Bhd’s (BToto) share price hit a five-year low of RM2.25 on Aug 30, reflecting its recent performance. 

The group’s number forecast division also posted two consecutive quarters of losses in the latest two quarters. The counter closed at RM2.32 on Nov 30.

Despite this, its outlook is not as bad as perceived. This is because the company’s overall revenue increased by 2.5% to RM1.47 bil while net profit rose by 26% to RM74 mil in Q1FY18, its latest reporting quarter. 

Naysayers, however, point to the health of its number forecast operations (NFO) as an indicator of its future earnings potential.