JAGCPTL 6874 Share Price

For the financial year ended 30 June 2024, The Group’s revenue and PAT increased by 13% or RM61.4 million to RM550.3 million and 6% or RM1.9 million to RM35.8 million respectively compared to previous financial year contributed by the newly acquired subsidiary namely Central Cables Berhad (“CCB”) as well as the encouraging performance from the LPG division combined with several exceptional items including the gain on fair value of investment in KUB Sepadu Sdn Bhd (“KUBS”) and gain from disposal of assets. Overall, the Group will continue to maintain a cautious stance on the overall market and industry outlook, while remaining flexible in executing strategic plans in expanding our existing business and identifying new business opportunities as and when they arise.

The quarterly revenue declined by 14.8% or RM22.2 million from the preceding quarter largely attributable to the lower average CP for LPG despite increase in sales volume by 8%, coupled with the absence of contribution from KUBS. In the current quarter, the Group recognised KUBS’s financial results through its share of profit amounting to RM1.9 million. Additionally, lower CPO prices in the current quarter had also reduced the profit contribution further.

The quarterly revenue fell 6% or RM9.1 million from the preceding quarter largely attributable to the lower FFB production by 38% due to the low crop season period and weaker LPG sales volume by 5% as well as lower average CP. Resulting from the above coupled with higher cost of production and staff rationalisation exercise, the Group’s profit for the current quarter was relatively lower by 26% than the previous quarter.

The drop of 43% or RM47.1 million in Group’s revenue in the current quarter was significantly impacted by a lower average Contract Price due to sharp decline in crude oil prices, lower average CPO as well as FFB production and the imposition of the MCO that led to the subdued consumer demand and various business operational disruptions. The impact of this to the Group’s operating results were however offset by the gain on disposal of KUB Berjaya Enviro Sdn Bhd of RM31.4 million.

In Financial Year End 2019, the directors’ remuneration was 2.5 million. It was fair compared to average in listed companies, considering the employees’ remuneration of 33.5 million and auditor’s remuneration of 360 thousands

In Financial Year End 2018, the directors’ remuneration was 3.09 million. It was fair compared to average in listed companies, considering the employees’ remuneration of 43.9 million and auditor’s remuneration of 428 thousands