INVESTOR Relations

Financials

Interim Financial Statements for the financial period ended 31 March 2018
*The figures have not been audited.

Condensed Consolidated Income Statements

Interim Financial Statements for the financial period ended 31 March 2018

Condensed Consolidated Statements Of Financial Position

Review Of Group Performance

For the quarter under review, the Group achieved profit after tax of RM3.07 million, representing a decrease of RM6.59 million (68%) as compared to the preceding year's corresponding quarter.

Revenue achieved for the quarter under review of RM86.74 million was RM6.06 million (8%) higher than the preceding year corresponding quarter.

Total unbilled sales at the end of the quarter under review stood at RM178.78 million.

The Group's earnings per share for the period ended 31 March 2018 was 1.25 sen.

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

(a) Property development:

For the quarter under review, revenue increased by 8% and profit before tax decreased by 57% as compared to the previous financial year corresponding quarter. The lower profit before tax was mainly due to lower margin.

The invesment in associate is not expected to yield return in the current financial year.

(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

Though the financial performance could be better as compared to the previous financial years, the Board is of the opinion that financial perfomance is the best possible result that can be achieved considering the weak market conditions and subdued consumer sentiments.

The outlook for the property industry remains challenging. The Board continues to seek ways and implement measures to improve the financial performance for the financial year ending 31 March 2019.

The Board is cautiously optimistic that the Company would be able to post better results for the financial year ending 31 March 2019.

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