EDEN 7471 Share Price

The Group’s Profit Before Tax increased significantly by more than five times to RM40.93 million from RM6.91 million in the preceding financial year ended 30 June 2022. The higher PBT included a one-off gain of RM45.36 million from the compulsory acquisition by the Government of Malaysia for the East Coast Rail Link (“ECRL”) project. The Energy segment will continue to drive positive results, focusing on optimising the generation capacity and improving efficiency through effective maintenance schedules for both the Sungai Kenerong Plant and Libaran Plant. The Group will continue to closely monitor the performance of the F&B and Tourism segment in view of the ongoing inflationary pressures resulting in an increase in the costs of raw materials and feedstock, and reduced purchasing power of consumers.

The Group recorded Profit Before Tax of RM6.91 million for FYE 2022 compared to the Loss Before Tax of RM16.67 million due to the higher revenue. The increase in revenue was registered by all sectors, where primary contributor was from the operations of the Libaran Plant. In addition, the Tourism segment recorded significantly higher revenue, which was achieved as a result of the return of inflow of tourists into Langkawi Island. The optimisation of the operations of the Sungai Kenerong Plant and the Libaran Plant will ensure that the Energy Sector continues to contribute positively to the Group’s performance despite the rising cost of lubricants and the medium fuel oil. For the Tourism segment, the forecasted increase in tourist arrivals to the island, having several international events planned to be held in Langkawi and the increase on international travel will augur well with a projected increase of visitors to UWL

The Group recorded a PBT of RM1.18 million compared to RM0.41M in the preceding quarter ended 31 December 2021. The higher profitability registered of RM0.77M was due to recommissioning of the Libaran plant which had generated higher revenue for the Group

The Group recorded LBT of RM16.18 million as compared to LBT of RM0.75 million in the preceding quarter ended 31 March 2021. This was mainly due to higher operating expenses incurred in 4Q 2021, partly from impairment loss on financial assets, property, plant and equipment

The Group recorded LBT of RM0.76 million as compared to LBT of RM0.9 million in the preceding quarter ended 31 December 2020. This was mainly due to the lower operating expenses incurred in 3Q 2021 and partially offset with lower other income.

In Financial Year End 1.1.2019 – 30.6.2020, the directors’ remuneration was 5.66 million. It was slightly high compared to average in listed companies, considering the employees’ remuneration of 13.1 million and auditor’s remuneration of 362 thousands