EUPE 6815 Share Price

The Group’s revenue and profit continue to be largely derived from its Property Development Division. This revenue outcome translated into Group pre-tax profit for the full year of RM57.8 million, a 55.8 per cent increase. We are now entering a new stage of expansion, marked by multiple projects which, combined, have the potential to place the Group
on a higher growth trajectory. While our expansion plans bring new challenges, our performance during our initial stage of growth highlights that the Group is adept in delivering consistent, quality outcomes while managing a range of risks

The Group reported quarter over quarter increase in revenue and pre-tax profit of RM4.6 million and RM0.9 million respectively as against the immediate preceding quarter ended 31 August 2022, primarily due to contributions from the PDD’s Central Region’s projects, as sales take-up rates and site progress at Est8 increased progressively, and from the launch of Helix2.

Despite the decrease in revenue, pre-tax profit of RM11.4 million in Q1FY2023 and RM10.9 million in Q4FY2022 were comparable. This was primarily due to lower gross profit margin incurred in Q4FY2022 as a result of the finalisation of Parc3’s construction costs upon its completion in December 2021. The gain of RM9.2 million from the disposal of a subsidiary based in Australia in Q1FY2023 moderated the impact of this decrease in revenue.

The Group’s revenue and pre-tax profit improved by RM25.4 million and RM10.0 million respectively, compared to the immediate preceding quarter. The overall increase in the current quarter’s financial performance was mainly due to property and construction sectors being permitted to operate in Q3FY2022, compared to the strict movement restrictions imposed for almost a month from 1 June 2021.

The decrease of revenue was mainly due to lower contribution from PDD, specifically Parc3@KL South as the construction progress is nearing completion, resulting in lower revenue contribution to Q4FY2021. Further, there is also no revenue contribution from Novum@South Bangsar in Q4FY2021, compared to RM12.2 million received from the project in Q3FY2021. The Group reported lower pre-tax profit in Q4FY2021, by RM12.9 million, due to both the reason outlined above as well as the above stated recognition of a one-off impairment to the CGMD’s water park.

The Group’s revenue and pre-tax profit for Q1FY2021 decreased by RM47.4 million and RM12.6 million respectively, compared to the immediate preceding quarter. Property Development Division revenue, accounting for 93.4% of the Group’s total revenue, fell by RM43.5 million from RM71.9 million in Q4FY2020 to RM28.4 million in Q1FY2021. The weaker Q1FY2021 financial performance resulted from the temporary shutdown of non-essential service industries during the MCO and CMCO period.

The Group’s revenue was RM77.8 million for Q4FY2020, increased by RM21.2 million compared to Q3FY2020. The increase was primarily attributed to revenue from Northern Region PDD projects, due to improved progress of construction works. Likewise, the Group’s pre-tax profit was RM16.2 million for Q4FY2020, increased by RM2.7 million compared to Q3FY2020 was mainly due to higher contribution from PDD.

In Financial Year End 2018, the directors’ remuneration was 4.42 million. It was slightly high compared to average in listed companies, considering the employees’ remuneration of 21.8 million and auditor’s remuneration of 214 thousands