Berjaya Corp declines on larger 4Q net loss


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KUALA LUMPUR (July 1): Berjaya Corp Bhd declined as much as 2.4% on news of a larger fourth quarter net loss from a year earlier.

At 11:28am, diversified entity Berjaya Corp (fundamental: 0.9; valuation: 2) dropped one sen to 40 sen, with some 3.4 million shares having exchanged hands.

Yesterday (June 30), Berjaya Corp said it registered a net loss RM274.97 million in the fourth quarter ended April 30, 2015, from a net loss of RM250.45 million. Revenue decreased to RM2.33 billion, from RM2.47 billion.

For the full year, the group posted a net profit of RM861.8 million, compared with a net loss of RM148.92 million.

According to Berjaya Corp's website, the group's businesses include real estate, gaming and education.

(Note: The Edge Research's fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)