About Magnum Again

Magnum announced their earnings last night.

Again, I felt extremely bewildered to read that Magnum announced their payouts were higher yet once more.

Here is a snippet of some comments from Mayban Securities.

• Unfortunately, Magnum’s gaming profits were again hit by higher prize payout which rose to 71% from 68% in 3QFY05 and 64% in 2QFY06. As a result, gaming division operating profit declined by 20.4%yoy to RM67.2m. However, the overall positive growth in group operating profit can be mainly attributed to profit generated by the investment holding division arising from the disposal of investments and a much lower provision for impairment losses in long term quoted investments in the current quarter.

Really just how bad is one's bad luck? (see this blog posting : here )

I actually first blogged on Magnum back in January 2006 ( See Magnum fall out of favour ) and I blogged on it again back in Feb 2006. ( see magnum again. )

I find it so very strange about these high payouts.

Why is it constantly increasing?

Striking these 4D numbers so easy, meh?