INVESTOR Relations


Interim Financial Statements for the financial period ended 31 December 2016
*The figures have not been audited.

Condensed Consolidated Income Statements

Interim Financial Statements for the financial period ended 31 December 2016

Condensed Consolidated Statements Of Financial Position

Review Of Group Performance

For the quarter under review,the Group achieved profit after tax of RM10.42 million, representing a decrease of RM19.74 million (65%) as compared to the preceding year's corresponding quarter.

Revenue achieved for the quarter under review of RM73.95 million was RM81.02 million (52%)lower than the preceding year corresponding quarter.

Total unbilled sales at the end of the quarter under review stood at RM215.63 million.

The Group's earnings per share for the period ended 31 December 2016 was 14.57 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 52% and 68% 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 the property industry remains challenging amidst uncertain global economic conditions. However, the Board is positive that the performance for the remaining period will be satisfactory.

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