INVESTOR Relations

Financials

Interim Financial Statements for the financial period ended 30 June 2018
*The figures have not been audited.

Condensed Consolidated Income Statements

Interim Financial Statements for the financial period ended 30 June 2018

Condensed Consolidated Statements Of Financial Position

Review Of Group Performance

For the quarter under review, the Group achieved profit after tax of RM1.01 million, representing a decrease of RM0.85 million (46%) as compared to the preceding year's corresponding quarter.

Revenue achieved for the quarter under review of RM66.54 million was RM19.49 million (41%) higher than the preceding year corresponding quarter.

Total unbilled sales at the end of the quarter under review stood at RM201.35 million. The Group's has undeveloped landbank of 466 acres across key regions with an estimated GDV of RM5.2 billion.

The Group's earnings per share for the period ended 30 June 2018 was 0.29 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 increased by 42% and 8% respectively as compared to the previous financial year corresponding quarter. The lower profit before tax was mainly due to higher finance costs.

(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. The Board and Management will continue to strives to deliver improved financial performance for the financial year ending 31 March 2019.

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