INVESTOR Relations


Interim Financial Statements for the financial period ended 30 September 2018
*The figures have not been audited.

Condensed Consolidated Income Statements

Interim Financial Statements for the financial period ended 30 September 2018

Condensed Consolidated Statements Of Financial Position

Review Of Group Performance

For the quarter under review, the Group achieved profit after tax of RM1.90 million, representing an increase of RM1.17 million (161%) as compared to the preceding year's corresponding quarter.

Revenue achieved for the quarter under review of RM64.55 million was RM20.22 million (46%) higher than the preceding year corresponding quarter.

Total unbilled sales at the end of the quarter under review stood at RM258.34 million. The Group's has undeveloped landbank of 466 acres across key regions with an estimated GDV of RM5.3 billion.

The Group's earnings per share for the period ended 30 September 2018 was 0.83 sen.

The performance of the respective operating business segments is analysed as follows:

(a) Property development:

For the quarter under review, revenue and profit before tax increased by 47% and 55% respectively as compared to the previous financial year corresponding quarter. The improved results were driven by higher sales achieved.

(b) Other operations:

Revenue and profit from other operations mainly consist of rental income derived from the operation of commercial properties under the "build, operate and transfer" concession with local authorities.

Current Year Prospects

Despite the current depressed economic and market conditions, the Company managed to post a better set of financial results as compared to the financial year ended 31 March 2018.

Barring unforeseen circumstances, the Company expects to see further improvement in the financial results for the remaining period of this financial year.

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