INVESTOR Relations


Interim Financial Statements for the financial period ended 30 June 2017
*The figures have not been audited.

Condensed Consolidated Income Statements

Interim Financial Statements for the financial period ended 30 June 2017

Condensed Consolidated Statements Of Financial Position

Review Of Group Performance

For the quarter under review, the Group achieved profit after tax of RM1.72 million, representing a decrease of RM22.19 million (93%) as compared to the preceding year's corresponding quarter.

Revenue achieved for the quarter under review of RM47.94 million was RM80.02 million (63%) lower than the preceding year corresponding quarter.

Total unbilled sales at the end of the quarter under review stood at RM204.31 million.

The Group's earnings per share for the period ended 30 June 2017 was 0.49 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 63% and 91% respectively as compared to the previous financial year corresponding quarter due to lesser on-going project while newly launched projects like Astetica Residence and Meritus Residence are still in the early stage of construction.

(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 continues to be challenging. However, the Board remains positive on the Group's prospects for the financial year ending 31 March 2018.

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