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Berjaya Corporation Bhd's (BCorp) pre-tax profit rose by 47 per cent to RM874.26 million for the financial year ended April 2011 from RM595.6 million in 2010. BCorp attributed the higher pre-tax profit to the exceptional gains recorded from disposals of associated and subsidiary companies. Revenue rose to RM7.11 billion from RM6.76 billion last year, driven by higher revenue contributions from the retail and distribution businesses, it said in a statement today. BCorp recommended a final dividend of two per cent single-tier exempt dividend per share for shareholders' approval at the upcoming annual general meeting. Total dividend for the financial year ended April 2011 will be seven per cent comprising five per cent single-tier exempt dividend-in-specie of Berjaya Retail Bhd shares and two per cent single-tier exempt cash dividend per share. BCorp said the disposal of 40 per cent equity interest in Berjaya Sompo Insurance Bhd (BSompo) was completed in the first quarter of the financial year ending April 2012, realising a substantial capital gain. The disposal reduced the group's equity interest in BSompo to 30 per cent, thus requiring BCorp to only equity account for its share of results. Notwithstanding the reduced contribution of the results from BSompo and barring unforeseen circumstances, BCorp said the operating performance of its core businesses for the financial year ending April 2012 will remain satisfactory. -- Bernama