CVIEW 5049 Share Price

The Group recorded a revenue and profit before tax of RM81.3 million and RM4.1 million respectively as compared to the revenue and profit before tax of RM68.1 million and RM10.0 million respectively in the previous financial year. The profit before tax for the current financial year had declined mainly due to increases in the marketing and promotion expenses, administrative expenses and finance costs incurred as well as a lower fair value gain recognised on the investment properties. The Group expects its revenue and performance for the financial year ending 30 November 2023 to be derived from the properties sold in Taman Nusa Sentral, Iskandar Puteri, Johor and from the success of the new development of ARVs in Aurora Sentral, Iskandar Puteri, Johor.
The Group is planning to launch the further phase of the ARVs in Aurora Sentral as well as the affordable homes under the Rumah Mampu Milik Johor (RMMJ) scheme in Taman Nusa Sentral in FY2023.

Revenue and profit before tax increased by 104% and 260% respectively for the current quarter. The revenue and profit before tax for the current quarter increased due to the contribution from properties that were sold under its new development, the ARVs at Aurora Sentral as well as from the sales of the bumi release units of properties at Taman Nusa Sentral.

The Group recorded a revenue and profit before tax of RM12.4 million and RM0.7 million respectively as compared to the revenue and profit before tax of RM8.9 million and RM0.7 million respectively in the immediate preceding quarter. RProfit before tax for the current quarter decreased by 2%. The revenue for the current quarter increased mainly due to a higher number of properties that were sold. Profit before tax declined slightly mainly due to higher expenses incurred for marketing and promotion and administrative expenses

The Group recorded a revenue and profit before tax of RM18.5 million and RM1.9 million respectively as compared to the revenue and profit before tax of RM22.1 million and RM3.9 million respectively in the immediate preceding quarter.It had declined due to a lower number of properties that were sold as our salesgallery remained shut and at the same time we were not able to recognize any workdone as our construction activities were halted for the month of June 2021 and July 2021.

Revenue and profit before tax both decreased by 29% as compared to the preceding year corresponding quarter. Revenue and profit before tax had declined mainly due to a lower number of properties that were sold. There were no contributions from work done on the 3 Storey Cluster houses under the Winter Sonata series and the affordable homes under the Rumah Mampu Milik Johor scheme to be recognised in the current year quarter as the said properties had been completed with Certificate of Completion and Compliance in the previous financial year.

Revenue and gross profit for the current quarter decreased by 30% and 20% respectively as compared to the preceding quarter mainly due to a lower number of properties that were sold as well as lower contributions from work done on the properties under development as construction activities were halted during the MCO. Profit before tax for the current quarter increased by 26% as compared to the preceding quarter mainly due to lower administrative expenses during the MCO.

In Financial Year End 2019, the directors’ remuneration was 2.78 million. It was high compared to average in listed companies, considering the employees’ remuneration of 10.7 million and auditor’s remuneration of 130 thousands

In Financial Year End 2018, the directors’ remuneration was 2.91 million. It was high compared to average in listed companies, considering the employees’ remuneration of 14.1 million and auditor’s remuneration of 130 thousands