INVESTOR Relations

Financials

Interim Financial Statements for the financial period ended 30 September 2016
*The figures have not been audited.

Condensed Consolidated Income Statements

Interim Financial Statements for the financial period ended 30 September 2016

Condensed Consolidated Statements Of Financial Position

Review Of Group Performance

For the quarter under review, the Group achieved profit after tax of RM16.95 million, representing a decrease of RM11.73 million (41%) as compared to the preceding year's corresponding quarter.

Revenue achieved for the quarter under reviewof RM102.77 million was RM47.86 million (32%) lower than the preceding year corresponding quarter.

Total unbilled sales at the end of the quarter under review stood at RM311.15 million.

The Group's earnings per share for the period ended 30 September 2016 was 15.48 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 decreased by 32% and 39% respectively as compared to the previous financial year corresponding quarter due to lower 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

The outlook for property industry remains challenging with tightened liquidity and subdued consumer sentiments. Despite the uncertainties, the Board remains cautious but positive on the Group's prospects for the financial year ending 31 March 2017.

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