Berjaya Corporation Bhd 1998 AR2
The report outlines Berjaya Group Berhad's financial and operational performance for the fiscal year ended April 30, 1998. Despite the challenging Asian financial crisis, the group recorded a 17.3% growth in turnover to RM7.4 billion, driven by its gaming, direct selling, and Canadian wholesale lumber operations. The group undertook significant corporate rationalization, including the divestment of Prudential Assurance Malaysia Berhad and stakes in Berjaya Sports Toto Berhad, raising RM1.64 billion to reduce debt. Additionally, the group highlighted its social responsibility efforts, contributing over RM50 million to sports development, community services, and charitable funds like the Tabung Dana Khas Negara.
Company: Berjaya Corporation Bhd
Sector: Industrials
Country: Malaysia
Year: 1998
Type: AR2
Pages: 156
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Berjaya Corporation Bhd
Annual Report
The report outlines Berjaya Group Berhad's financial and operational performance for the fiscal year ended April 30, 1998. Despite the challenging Asian financial crisis, the group recorded a 17.3% growth in turnover to RM7.4 billion, driven by its gaming, direct selling, and Canadian wholesale lumber operations. The group undertook significant corporate rationalization, including the divestment of Prudential Assurance Malaysia Berhad and stakes in Berjaya Sports Toto Berhad, raising RM1.64 billion to reduce debt. Additionally, the group highlighted its social responsibility efforts, contributing over RM50 million to sports development, community services, and charitable funds like the Tabung Dana Khas Negara.
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Document Details
Report Year
1998
Reporting Period
May 1, 1997 - Apr 30, 1998
Fiscal Year
1998
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Employees