DESTINI Annual Report 2020

Management Discussion and Analysis • Destini’s rail and land transport division recorded an increase in revenue of RM2.81 million in FY2020 from RM1.27 million a year before. The increase in revenue saw the division registering a PATNCI of RM7.22 million from a LATNCI of RM12.43 million in FY2019. This division returned to the black from the recovery of doubtful debts. • During the year in review, this division successfully delivered seven 40-seater passenger busses built for the Ministry of Education. These busses are intended for general daily usage for schools in Negeri Sembilan, Melaka and Johor. • Although this division saw successful deliveries, they were not able to replenish its order book with major contracts because there were no contracts up for bidding in 2020 due to the pandemic which shifted the Governments budget into sustaining the well-being of the country. • As a way forward, Destini is constantly engaged with the Government, rail operators and land transport operators for opportunities in supplying and maintaining assets within the industry in Malaysia and the region. Rail & Land Transport 39 ANNUAL REPORT 2020 DESTINI BERHAD

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