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Quarterly Report For The Financial Period Ended 31 December 2011
Financials Archive
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Condensed Consolidated Statement of Comprehensive Income
For The Financial Year Ended 31 December 2011
Condensed Consolidated Statement of Financial Position
At 31 December 2011
Detailed analysis of the performance of all operating segment of the Group
Current Year To Date vs Previous Year To Date
The Group recorded a turnover of RM301.011 million and profit before tax of RM84.540 million for the current year ended 31 December 2011 as compared to turnover of RM310.222 million and profit before tax of RM23.606 million for the preceding year to date.
Performance of the respective operating business segments for the current year to date as compared to the preceding year to date is analysed as follows :-
Trading and services
Despite a decrease in the turnover, the profit before tax was higher due to increase in supply of certain products with a better profit margin. The preceding year results inclusive of turnover and loss before tax of RM7.581 million and RM0.271 million from a wholly owned subsidiary which was disposed of on 24 August 2010.
Property development
The increase in the profit before tax of RM2.191 million was mainly due to higher sales.
Construction
The increase in the profit before tax was mainly due to realisation of additional profit upon finalisation of certain construction contracts.
Investment property
The decrease in profit before tax was due to termination of tenancy for certain units of Group's investment properties.
Current Quarter vs Previous Year Corresponding Quarter
The Group recorded a turnover of RM89.760 million and profit before tax of RM22.192 million for the current quarter ended 31 December 2011 as compared to turnover of RM95.665 million and profit before tax of RM13.044 million for the preceding year corresponding quarter.
Performance of the respective operating business segments for the current quarter as compared to the previous year corresponding quarter is analysed as follows :-
Trading and services
The profit before tax was lower due to decrease in the sales for the current period.
Property development
The decrease in the profit before tax was mainly due to lower sales for the current period.
Construction
The increase in the profit before tax was mainly due to realisation of additional profit upon finalisation of certain construction contracts.
Investment property
The decrease in the profit before tax was due to termination of tenancy for certain units of Group's investment properties.
Prospects
The outlook for the construction and development industry remains competitive and challenging. Nevertheless, the Board will continue to look into other development plans and continue to tender for new potential projects especially from the Government sector in order to maintain satisfactory results in the following financial year.