MUIIND 3891 Share Price

The Group’s revenue declined by 8.8% to RM440.5 million in FY24, compared to RM483.0 million in FY23 due to the weak performance of property and retailing divisions. The Group recorded an LBT of RM220.3 million in FY24 compared to a PBT of RM22.5 million in FY23, mainly attributed by all divisions and the net loss on foreign exchange incurred by the investment holding subsidiaries. Moving forward, the Group’s fast food chain plans to double its store count in Sabah to eight units by 30 June 2025, to achieve greater scale in Borneo. The Group is boosting productivity by adding more ‘Self Order Kiosks’ and upgrading the ‘A&W Ordering App,’ enhancing customer experience and enabling smooth cashless transactions for dine-in, takeaway, and delivery.

The Group reported a higher revenue of RM135.0 million in Q1FY23 compared to RM114.8 million in Q4FY22. The increase in revenue was contributed by the food division, fast food chain and property division. As a result of improved revenue and, in the absence of asset impairments in the current quarter, the Group’s LBT decreased
significantly to RM1.5 million for Q1FY23 compared to RM15.8 million in the preceding quarter.

The Group’s revenue increased by RM30.4 million from RM84.3 million in the preceding quarter to RM114.7 million mainly contributed by the fast food chain division’s revenue. The Group reported an LBT of RM15.6 million for Q4FY22 compared to a PBT of RM3.8 million in the preceding quarter mainly due to impairments on various assets of the Group

With the gradual reopening of the local economy by the government since August 2021 and higher consumer spending during the festive holidays, the Group’s revenue jumped from RM58.2 million in Q1FY22 to RM82.0 million in Q2FY22, an increase of 40.9%. This enabled the Group to swing from an LBT of RM6.8 million in the preceding quarter to a PBT of RM180,000 in the current quarter

Loss before tax went down by 51.1% from RM184.3 million in FY2020 to RM90.2 million for FY2021 due to lower operating expenses and the absence of a one-off loss from the derecognition of Laura Ashley UK. We will plan and implement various business strategies, including stepped up digitalisation efforts, to keep up with the rapid changes in the marketplace. The pandemic, while exposing weaknesses, has also managed to create and accelerate many new trends and opportunities. Also, the pent-up demand should augur well for some of our businesses such as hotel and retailing.

In Financial Year End 2020, the directors’ remuneration was 14.5 million. It was fair compared to average in listed companies, considering the employees’ remuneration of 86.3 million and auditor’s remuneration of 1661 thousands

The Group recorded a lower revenue of RM60.0 million and a higher LBT of RM139.2 million in the current quarter compared with a revenue of RM108.0 million and a lower LBT of RM11.9 million in the preceding quarter. This was mainly attributed to the lower festive sales and loss of sales in the MCO period lower room occupancy and lower average room rate.

In Financial Year End 2019, the directors’ remuneration was 7.93 million. It was slightly low compared to average in listed companies, considering the employees’ remuneration of 107 million and auditor’s remuneration of 1632 thousands