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Taxes

The Board of Directors of Sports Toto has declared a fourth interim dividend of two cents per share. The dividend amount is RM27 million and will be paid on the 18th of October. The board also voted in favor of a proposal for RM134m being set aside as a reserve for contingencies.

Hong Leong Investment Bank has raised its Sports Toto earnings forecast for the fiscal year that will end June 30, 2025. The bank noted that the NFO segment's revenues are expected to return to the pre-pandemic levels by FY25. The firm still expects that the return to normalization in the future of the prize payout could adversely affect NFO EBIT.