Natural Avenue reports revenue gains


Revenues for Natural Avenue Sdn. Bhd., the Sarawak lottery operator, rose about 2 percent in the second quarter to RM$236.9 million ($72 million). The unit of Berjaya Assets Bhd. reported a profit of RM$30.9 million, down from a year earlier due to higher prize payouts.

Sports Toto Malaysia Sdn. Bhd., an affiliated lottery operator, plans to move forward with a S$300 million-S$500 million ($235 million-$392 million) initial public offering as a business trust in Singapore by November.