Chairman's Message

Dear Shareholders,
On behalf of the Board of Directors, I am pleased to present to you the Annual Report and Audited Financial
Statements of the Company and the Group for financial year ended 30 June 2017 ("FY2017").

Financial Performance

The Group recorded an increase of approximately 14.3% in revenue to RM179.3 million for FY2017 as compared to RM156.8 million in financial year 2016. The Profit Before Tax was RM35.3 million as compared to RM34.4 million in financial year 2016. More details of the Group’s performance is covered under the section on “Management Discussion and Analysis”.


The Board would like to recommend to shareholders for approval a first and final single tier dividend of 5.5 sen per share for FY2017.

Overview and Outlook

The local economic conditions had remained challenging throughout the financial year due to the unwavering effects from the global economic slowdown. The ringgit weakening against major currencies has had a significant impact on local businesses during the financial year and continue to be of concern.

Over the years, we have developed a more disciplined and prudent approach. The Group’s businesses were able to endure challenging times and were able to deliver the commendable results for the financial year.

The market condition is expected to remain uncertain in the near term in view of the tight credit control by banks, the large market supply of properties remaining unabated and the increasing cost of living and economic uncertainties resulting in more restrained consumer spending.

Our Board is cautiously optimistic about the financial results of the Group for the financial year ending 30 June 2018, given the challenging business environment.


On behalf of the Board, I wish to express my heartfelt appreciation to the Management and staff for their loyal and dedicated services to our Group, and to various government authorities, and agencies, bankers, valued customers, suppliers and business associates for their kind co-operation and continued support.

Finally, I wish to thank my fellow Board members for their support and the shareholders for their confidence in the Board and Management of our Group.


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