Berjaya Sports Toto's Huge Payoff

So, there you have it.

After the capital return, this is again the second time that Berjaya Sports Toto (BST) rewards minority shareholders.

It announced today(15 June) that it posted net profit of RM107.25 million for the fourth quarter ended April 30, up 76.5% from RM60.76 million a year ago.

Announcing a strong set of results on June 15, it also proposed share dividend via distribution of 89.71 million treasury shares on the basis of one treasury share for every 14 shares held.

On top of that, much to the chagrin of all, it declared an interim dividend of 19 sen per share (comprising nine sen per share tax exempt dividend and 10 sen per share single tier exempt dividend) for the financial year ending April 30, 2010. The books closure date for both the interim dividend and the share dividend has been fixed on July 15 while the payment date for the interim dividend is July 27.

Based on the number of 10 sen shares in issue as at June 15, 2009 of 1.256 billion, the fourth interim dividend distribution for FY ended April 30 was RM138.16 million.

This will bring the total net dividend distribution for the financial year ended 30 April 2009 to about RM316.7 million or &7.1% of the attributable profit of the Group for the financial year ended 30 April 2009.

On the fourth quarter performance, BST said the better financial results were due to its principal subsidiary Sports Toto Malaysia Sdn Bhd. The higher increase in pre-tax profit compared to the increase in revenue was mainly due to the previous year corresponding quarter ended April 2008 having incurred a higher prize payout.

For the full year, its net profit was RM410.49 million compared with RM348.66 million in the previous fiscal year. Revenue was RM3.69 billion from RM3.27 billion.

Wunderbar,BST!