INVESTOR Relations


Interim Financial Statements for the financial period ended 31 March 2017
*The figures have not been audited.

Condensed Consolidated Income Statements

Interim Financial Statements for the financial period ended 31 March 2017

Condensed Consolidated Statements Of Financial Position

Review Of Group Performance

For the quarter under review, the Group achieved profit after tax of RM9.46 million, representing a decrease of RM11.88 million (56%) as compared to the preceding year's corresponding quarter.

Revenue achieved for the quarter under review of RM80.68 million was RM46.89 million (37%) lower than the preceding year corresponding quarter.

Total unbilled sales at the end of the quarter under review stood at RM213.82 million.

The Group's earnings per share for the period ended 31 March 2017 was 17.26 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 37% and 51% respectively as compared to the previous financial year corresponding quarter due to completion of three high rise projects in Klang Valley namely Metia Residences, Residensi Flora @ One South and Sentrio Suites.

(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 Board is satisfied with the financial performance achieved for the year ended 31 March 2017 under the present difficult circumstances of declining sales due to poor sentiments and stringent credit conditions.

Despite the challenging outlook for the property industry in the year ahead, the Board remains cautious but positive on the Group's prospect for the financial year ending 31 March 2018.

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