PGB 0091 Share Price

The Group recorded revenue of RM176.0 million and PBT of RM7.2 million for FY2024, in comparison to revenue of RM112.3 million and PBT of RM10.1 million reported in the preceding financial year. The lower PBT recorded was due the impairment losses on receivables of RM0.4 million in TS Segment and LBT of RM16.9 million in the FY2024 from Other segment ,mainly comprising of corporate administrative expenses, such as professional charges and staff costs. Going forward, PGB had divested its entire equity stake in Propel Chemicals Sdn Bhd (“PCSB”), a strategic move to sharpen the Group’s focus by exiting segments with limited growth potential and reallocating resources to more lucrative and sustainable opportunities.

The quarter reported a PBT of RM2.6 million in comparison to a PBT of RM3.3 million in the immediate preceding quarter, representing a slight reduction of RM0.7 million mainly due to increased cost in chemicals materials and logistic cost.

The Group reported a profit before taxation of RM66.66 million compared to a profit before taxation of RM13.58 million in FYE2021 mainly due to fair value gain on share consideration issued of RM74.25 million. The Group will remain cautiously optimistic in the current business environment and continues to remain focus on its business strategies to uplift its status from PN17. The Group is of the view that Regularisation Plan will enable the Group to be a fresh start after the post restructuring. Moving into new financial year, the Group will continue to leverage on its edge to achieve better performance in the coming financial year.

The Group reported a revenue of RM23.6 million as compared to RM13.3 million in the preceding quarter, representing an increase of RM10.3 million or 77.7%. The increase is attributed to higher revenue by TS Segment of RM10.7 million as the construction industries are able to intensify operations with less stringent restriction as compared to the preceding financial quarter. Correspondingly, the Group reported a lower LBT of RM2.9 million for the current quarter as compared to a LBT of RM3.2 million in the immediate preceding quarter.

The Group reported a profit before tax (“PBT”) of RM8.5 million for the current financial quarter as compared to a loss before tax (“LBT”) of RM1.4 million in the immediate preceding financial quarter, representing an improvement of RM9.8 million. The PBT was mainly attributed to the higher sales recorded by O&G Segment, coupled with the gain on disposal of property recorded by TS segment.

The Group reported a loss before tax (“LBT”) of RM1.4 million for the current financial quarter as compared to LBT of RM5.0 million in the immediate preceding financial quarter, representing an improvement of RM3.7 million or 73.2%. The lower LBT was mainly attributed to the higher sales with improved margin recorded by TS Segment in 3Q FYE2021. However, in the absence of the accrued finance cost for the outstanding amount owing to certain scheme creditors of DMB of RM2.2 million, the Group would record a profit before tax (“PBT”) of RM0.9 million for the current financial quarter.

In Financial Year End 2018, the directors’ remuneration was 9.35 million. It was high compared to average in listed companies, considering the employees’ remuneration of 26.4 million and auditor’s remuneration of 350 thousands