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The Group posted revenue of RM106.9 million and PBT of RM37.2 million for FY2023 as compared to RM184.8 million and RM33.1 million respectively, recorded in the preceding financial year. the Group’s improved PBT of 12% was mainly attributable to cost adjustments made on finalising of account for construction contracts of Phase 1 of The ERA. have implemented a strategy of maintaining a diversified property portfolio, consisting of both landed and high-rise developments, located in prime areas within the Klang Valley and Kedah. This approach allows to cater to different market segments and reduce the impact of any potential downturn in a specific segment or location.

The Group’s PBT increased by 212.6% to RM9.160 million as compared to RM2.930 million posted in the immediate preceding quarter. This was mainly driven by higher profit contribution from on-going projects in Kulim, Kedah and Phase 1 of The ERA.

The Group’s financial performance continued to strengthen in FY2022, recording a PBT of RM33.1 million on revenue of RM184.8 million, registering a growth of 11% as compared to previous year’s PBT. While PBT achieved by projects in the Northern Region improved by 33%, 61% were contributed by Phase 1 of The ERA project. The Property Development segment which accounted for 98% of the Group’s total revenue. For FY2023, the Group will leverage on the proven success of Phase 1 of The ERA to drive the sale of Phase 2, and continue to ride on the steady demand of our ever-expanding township development in Kulim, Kedah to roll out new projects. Three new phases with an estimated combined GDV of RM81.3 million comprising single storey semidetached, one and a half storey bungalow and single storey terraced houses has been slated for rollout in FY2023

The Group’s PBT increased by 168.0% to 1.812 million compared to the immediate preceding quarter. This is mainly due to an adjustment for property development cost made in the current quarter which resulted in better property development segment result albeit lower property development revenue was recorded

The Group’s PBT of RM12.854 million for the current quarter is higher than the PBT of RM6.807 million in the immediate preceding quarter mainly due to higher progress of construction works from its on-going development, namely The Era, Kuala Lumpur. In addition, the total term loan interest amounting to RM2.096 million related to the development of Phase 2 of The Era was adjusted and capitalized to current inventories during the current quarter resulted improvement in PBT.

In Financial Year End 2019, the directors’ remuneration was 3.44 million. It was slightly high compared to average in listed companies, considering the employees’ remuneration of 8.4 million and auditor’s remuneration of 207 thousands

the Group’s PBT for the current financial quarter and financial year of RM11.963 million and RM25.305 million, increased by 3697.8% and 818.5% respectively over the preceding corresponding financial quarter and financial year. The higher revenue and PBT were contributed by the property development segment

In Financial Year End 2018, the directors’ remuneration was 3.4 million. It was high compared to average in listed companies, considering the employees’ remuneration of 8.4 million and auditor’s remuneration of 173 thousands