BCB 6602 Share Price

For the financial year ended 30 June 2024, the Group registered a revenue of RM226.21 million and profit before tax of RM31.03 million as compared to a revenue of RM245.43 million and profit before tax of RM34.72 million reported in the preceding financial year. The lower PBT were due to lower revenue gained in Property Development and due to higher operating expenses incurred from others division in the current financial year. Moving forward, the Group will remain focused in timely completion of its on-going development projects and launching new development products which meet market demand and needs.

Corresponding to the lower revenue, the Group registered a decrease in profit before tax from RM 11.04 million in the immediate preceding quarter to RM 9.56 million reported in the current period quarter. The decrease in profit before tax were in line with the lower gross profit contributed from Versis @ Batu Pahat by RM 3.46 million and actualisation of budget cost that resulted decrease in gross profit for Phase 6 of Bandar Putera Indah @ Batu Pahat amounting to RM 0.86 million adjusted in immediate preceding quarter. However these were compensated by the higher gross profit contributed from Bandar Putera Indah @ Batu Pahat by RM 1.23 million, Concerto condominium @ North Kiara, Kuala Lumpur by RM 1.14 million and gain on disposal of property, plant and equipment amounting to RM 0.94 million.

The Group registered a decrease in profit before tax by RM 11.17 million, from RM 18.82 million in the immediate preceding quarter to RM 7.65 million reported in the current period quarter. The decrease was mainly due to the actualisation of budget cost which resulted increase in gross profit for Phase 2A of HomeTree @ Kota Kemuning amounting to RM 9.80 million adjusted in immediate preceding quarter and decrease in gross profit for Phase 7 of BPI amounting to RM 4.76 million adjusted in the current period quarter. However these were offset by the fair value gain of RM3 million recognised for U Mall in current period quarter

Sparked by the re-opening of the Malaysia economy in Q2 FY2022 under the National Recovery Plan where more construction works are allowed to resume, the Group was able to recognise higher revenue in this quarter mainly from Hometree @ Kota Kemuning (RM13.0m), Versis @ Batu Pahat (RM6.39m), Phase 7 of Bandar Putera Indah (RM5.78m), Concerto @ Mont Kiara (RM5.02m) and Taman Bukit Perdana (RM2.41m). The Group registered an increase in profit before tax by RM 11.83 million, from loss before tax of RM 2.64 million in the immediate preceding quarter to profit before tax of RM 9.19 million reported in the current period quarter.

The Group registered an increase of RM 8.16 million profit before tax, from profit before tax of RM 0.09 million restated in the immediate preceding quarter to RM 8.25 million reported in the current period quarter. The increase was mainly due to the reversal adjustment for BCB Development cost of sales amounting to RM5 million and the gain on revaluation of the investment properties for Johbase City Square and U-Mall totalled RM4 million.

The Group registered an improvement of profit before tax amounting to RM 10.6 million during the quarter under review as compared with immediately preceding quarter. This is resulted from the improvement of project progress during early September 2020 after the easing of MCO. For current quarter under review, the profit before tax was mainly contributed from project Broadleaf HomeTree, at Kota Kemuning and Versis at Batu Pahat.

The Group profit before tax decreased from RM 14.21 million in the preceding quarter to loss of RM 3.35 million in the current quarter. This is mainly due to slow down in sales progress from project Elysia Park Residence @ Medini. For current quarter under review, the profit before tax was mainly contributed from project Broadleaf @ HomeTree, Lot 375 @ Versis Batu Pahat and Bandar Putera Indah at Batu Pahat.