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PETALING JAYA: Berjaya Corp Bhd (BCorp) remains focused on its strategy to future-proof its businesses, and continues to explore and invest in business opportunities around the region and globally.
“Although the operating environment remains challenging and volatile, I am optimistic about the future as the group is making good progress with its three-year strategic plan as reflected by our achievements during the financial year under review,” non-independent, non-executive chairman Tan Sri Vincent Tan Chee Yioun said in its latest annual report.
He said BCorp has remained resilient and improved its financial performance in a challenging year that saw a global economic downturn brought on by geopolitical tensions, global supply chain disruptions and post-pandemic uncertainties.
He added the group was able to adapt and prove that it was both robust and extremely flexible in overcoming these challenges.
“The unique experiences we deliver to our customers, the strength and equity of our people and brand, and the trust we built with our partners and stakeholders are the reasons we achieved success in a time when we were forced to adapt to very adverse circumstances.
“While it was certainly challenging in many ways, it also showed how resilient we are as a group even in the toughest of times,” Tan said.
“Despite a challenging operating environment, BCorp delivered a better performance for the financial year ended June 30, 2022.
“These exceptional and unprecedented times have moulded us to emerge stronger,” he added.,
In line with BCorp’s three-year strategic plan, the group has since streamlined its businesses into four segments.
These are retail (food and non-food), hospitality, property and services to remain focused as a consumer group.
During the financial year under review, the group’s total revenue rose to RM8.16bil, marking a 9% increase compared to the RM7.46bil in revenue recorded in the previous financial year.
Pre-tax profit came in at RM230.57mil compared to a pre-tax loss of RM260.39mil in the previous financial year.
Tan said environmental sustainability continued to be one of the group’s top priorities.
Towards this end, Berjaya Enviro Holdings Sdn Bhd (BEnviro), a BCorp subsidiary, has teamed up with Qhazanah Sabah Bhd (QSB), an investment arm of the Sabah state government to develop and modernise waste-management facilities in the state.
A memorandum of understanding was signed by BEnviro and QSB on March 25 to formalise the collaboration.
The tie-up will lead to the development and operation of integrated waste-management projects utilising modern and advanced technologies.