PERMAJU 7080 Share Price

The Group recorded a 46.5% decrease in net loss of RM16.02 million, as compared to a net loss of RM34.5 million in FYE 2022. The drastic decrease net losses were mainly reduction from administrative expenses and fair value loss on marketable securities. The Group has completed renounceable right issue on 6 December 2021, which had raised a total of
RM67.187million. This proceed are intended to expand its automotive business by venturing into the sale of luxury and premium EVs. This is aimed at tapping into a new market segment comprising mainly high – income consumers and capitalise on the rise in environmental awareness among consumers. The Group is in the midst to develop its luxury car rental business, which is complementing to its existing automobile business. The Group also announced on its intention to venture into Plantation through Smart Farming.

The Group suffered a lower loss before taxation of RM 5.63 million as compared to a pretax loss of RM 8.68 million in previous quarter. The lower loss was mainly attributed by the reduction of the loss in fair value in other investments in this quarter as compared to previous quarter.

The Group suffered a loss before taxation of RM 19.67 million as compared to a pre-tax profit of RM 2.61 million in previous quarter. The loss was mainly attributed by the loss in fair value in other investments as well as realised loss on disposal of some quoted investments as compared to fair value gain in quoted investments in previous quarter.

The Group recorded a 475.98% increase in net loss of RM42.8 million, as compared to a net loss of RM7.4 million in FYE 2020. The drastic increased net loss were mainly attributed to material litigation cost, corporate exercises expenses and increase of fair value loss on marketable securities. This sustained growth underpins our prospects for the coming years, and we aim to capture the opportunities in the local market. The Group has taken various initiatives to improve our financial performance and we expect growth to stem from the development of Princess Heights project and Mydin hypermarket, venturing into luxury car rental business and venturing in sales of luxury and premium EV

In Financial Year End 1.7.2019 – 30.6.2020, the directors’ remuneration was 0.85 million. It was fair compared to average in listed companies, considering the employees’ remuneration of 4.9 million and auditor’s remuneration of 145 thousands

The Group’s current quarter revenue of RM5.89 million against the preceding quarter of RM14.33 million, was due to decrease in revenue derived from Automotive Division and from Property Division. The Group’s LBT for the current quarter of RM3.40 million was mainly attributed to the LBT of Automobile Division of RM0.11 million and LBT of Property Development Division of RM1.70 million. Comparatively, in the preceding quarter the LBT of RM3.0 million was mainly attributed to the LBT of Automobile Division of RM0.84 million and LBT of Property Development Division of RM2.52 million.

In Financial Year End 1.1.2018 – 30.6.2019, the directors’ remuneration was 1.04 million. It was slightly low compared to average in listed companies, considering the employees’ remuneration of 9.1 million and auditor’s remuneration of 250 thousands