With the illegal gaming activities continuing to flourish and affecting market share coupled with rising costs leading to lower disposable income, the Directors expect that gaming revenue will MODERATE.
Notwithstanding the above, the Group will continue with its various marketing strategies and product innovation to mitigate the sales decline.
The Group's gaming revenue is stated net of Goods & Services Tax. Gaming sales for the current quarter at RM697.1 million was lower than the previous year corresponding quarter by 7.4% or RM55.5 million. The DECLINE was due to 1) intense competition from illegal operators, 2) weak consumer spending and 3) one less draw in the current quarter.
In line with the LOWER SALES and COMPOUNDED by HIGHER PRIZES PAYOUT RATIO, the Gaming pre-tax profit decreased by RM54.8 million from RM99.7 million recorded in the previous year corresponding quarter to RM44.9 million achieved in the current quarter.
cheap is relative .... right now there is decreased earnings, absence of dividends plus a horrendous tax bill from none other than Uncle himself ..... Assuming there is no success in appealing against this tax bill, what is there to hope for if you buy it "so called cheap" now ? I urge caution !
magnum boss why you just because want to save 3sen dividend to your loyal shareholders and let your company share drop 2.11- lowest 1.81 bout 30 sen base on today lowest price ?
magnum boss do you know you win a small kacang and you loss a factory I tell you what, your loyal investors got many chinese if you give out a little bit dividend , they will hold one you should learn from Sapind and Jcy, they make worse results from you but they keep giving dividend, finally they share rebound .
magnum Boss I have you can read this forum , see how you hurt your loyal investors so bad. magnum boss you make you share drop 30 sen in one day just because you want to save 3sen dividend ?
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smartly
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Posted by smartly > 2017-05-22 09:29 | Report Abuse
all in liao....no more $$$ to buy more. :(