PTT 7010 Share Price

For the financial year ended 30 June 2024, the Group recorded Profit before tax of RM32.2 million as compared to previous financial year of RM8.6 million. The increased in PBT was contributed by higher revenue achieved in Construction Segment and Trading Segment. Moving forward, The Group’s primary focus remains on completing of its construction and Automated Industrial Warehouse Development Projects on timely manner namely the construction of its first of a series of logistics space envisioned. The Group is also embarking on various opportunities to improve its contribution.

The Group’s revenue was significantly increased by 93.60% to RM59.97million in the current quarter compared to RM30.97 million in the preceding quarter. The profit before tax increased more than 100% to RM7.43million compared to RM1.82 million recorded in the preceding quarter, mainly due to increase of profit recognition from the construction segment.

The profit before tax increased to RM11.70 million in FY2022 (FY2021: loss of RM2.14 million). The higher revenue was attributed to the higher revenue from the revived Construction and Property Development Division. Moving forward, PTTS aims to continue breaking new heights by venturing into the industrial property development cum one-stop warehousing facilities and solutions. PTTS will focus in developing industrial lands and offer a unique range of customised industrial units and facilities for local and foreign businesses.

The Group’s revenue slightly reduced by 0.36% to RM35.66million in the current quarter compared to RM35.79 million in the preceding quarter. Profit before tax increased to RM2.79million compared to RM2.48 million recorded in the preceding quarter, mainly due to saving in administrative expenses as compared to preceding quarter, which have initial one-off payment of contract expenses relating to award of construction projects.

Reported loss before taxation stood at RM2.14 million for FYE 30 June 2021 (FYE 30 June 2020: RM 3.33 million). The lower LBT was mainly due to the higher gross profit margin achieved in the Trading Division. The Group intends to revive the Construction Business and Property Development Business by leveraging on the experience, track record, and industry know-how of the New Controlling Shareholders and Management, which is expected to expand the revenue stream and earnings base of the Group, which in turn should improve the Group’s financial performance and value creation moving forward.

The Group reported profit before taxation of RM1,362,000 as compared to loss before taxation of RM3,063,000 in the immediate preceding quarter. The improvement in profit was attributable to higher revenue generated from trading division and sale of properties inventory. In assessing the expected credit loss and impairment on receivable in this reporting quarter, there was no impairment on trade receivable made as compared to immediate preceding quarter.

The Group revenue for current quarter was RM6.13 million compared with the preceding quarter of RM11.50 million and reported loss before taxation of RM3,063,000 compared to loss before taxation of RM651,000 in the preceding quarter. The losses were mainly attributable to lower revenue generated from trading division and higher impairment on receivable.

In Financial Year End 2019, the directors’ remuneration was 0.94 million. It was slightly high compared to average in listed companies, considering the employees’ remuneration of 4.8 million and auditor’s remuneration of 79 thousands