BCorp anticipates a positive result in FY23.

Berjaya Corp Bhd (BCorp) is confident that its performance will be sufficient for the remaining quarters of the fiscal year ending June 30, 2023, notwithstanding the rising operational costs (FY23).

"Although the post-pandemic recovery of the global and domestic economies is gaining traction, the recent increase in global inflationary rates due to the reduction of commodity supplies and supply chain disruption as a result of the Russia-Ukraine war, Covid-19 lockdowns in China, and geopolitical tensions has hampered the economic recovery.

The conglomerate stated in a statement that, "Taking into consideration the abovementioned and barring any unforeseen circumstances," the performance of the group's business operations for the remaining quarters of FY23 will likely be satisfactory despite the strain of rising operational costs moving forward.

In the second quarter that concluded on December 31, BCorp reported a net loss of RM24.8 million compared to a net profit of RM101 million from the sale of an affiliated company that was reported in the equivalent quarter the year before.

It reported a 0.44 sen loss per share during the quarter compared to 1.77 sen in earnings per share the year prior.

BCorp anticipates a positive result in FY23.

Nonetheless, revenue increased 13.6% from RM2.05 billion to RM2.33 billion.

With RM4.6bil in revenue for the first six months ending December 31, BCorp reported a net loss of RM41.2mil.

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