Magnum returns to black in 3Q on higher draws q-o-q

Magnum returns to black in 3Q on higher draws q-o-q

The Edge Markets - Malaysia·2020-11-27 05:06

KUALA LUMPUR (Nov 26): Magnum Bhd was back in the black for its third quarter ended Sept 30, 2020 (3QFY20), posting a net profit of RM30.26 million or 2.13 sen per share from a net loss of RM23.67 million or 1.67 sen per share in the immediate preceding quarter.

The number forecast operator (NFO) said the reversal of 2QFY20’s losses in its most recent financial quarter was due to the better performance achieved by its gaming division.

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