MANAGEMENT DISCUSSION AND ANALYSIS GROUP FINANCIAL HIGHLIGHTS Year ended/As at 31 December FINANCIAL RESULTS (RM’ mil) 2017 2018 2019 2020 2021 Revenue 985.19 1,011.98 1,302.82 794.71 691.09 Gross Profit 139.30 128.03 134.12 74.54 50.11 Profit Before Tax 90.03 81.67 79.69 15.52 0.97 Profit/(loss) After Tax 68.34 61.07 58.37 7.94 (0.73) Profit/(loss) Attributable to Owners of the Company 68.48 61.14 58.39 7.99 (0.59) FINANCIAL POSITION (RM’ mil) Cash and Bank Balances 86.57 35.57 64.94 57.47 69.54 Total Assets 1,148.22 1,397.14 1,546.16 1,476.98 1,326.44 Total Borrowings 129.60 273.15 406.61 407.11 307.06 Shareholders’ Equity 607.64 664.72 720.47 725.91 721.28 FINANCIAL RATIOS Gross Profit Margin % 14.14 12.65 10.29 9.38 7.25 Basic Earnings/(Loss) per Share (“EPS”) Sen 21.80 18.81 17.42 2.34 (0.17) Dividend per Share Sen 5.50 3.70 3.30 1.00 1.00 Dividend Yield (note 1) % 2.5 3.4 2.6 1.1 1.2 Net Assets per Share RM 1.90 2.00 2.12 2.08 2.07 Net Gearing Ratio (note 2) times 0.07 0.26 0.32 0.32 0.25 CASH FLOW (RM’ mil) Net cash flows generated from / (used in) operating activities 89.45 (137.52) 10.55 13.14 117.57 Net cash flows used in investing activities (37.03) (21.14) (91.86) (1.98) (2.60) Net cash flows generated from / (used in) financing activities (45.23) 93.01 104.04 4.24 (103.44) SHARES PERFORMANCE Share Price – Year Close RM 2.22 1.08 1.25 0.895 0.81 Share Price – Year High RM 2.43 2.35 1.49 1.26 1.01 Share Price – Year Low RM 2.00 1.00 1.08 0.51 0.74 Trading volume (no of shares) Mil 70 34 35 163 76 Market Capitalisation (note 3) RM’ mil 712 358 425 316 286 Price Earnings Ratio (note 4) times 10.2 5.7 7.2 38.2 - Note 1: Being dividend per share/share price – year close Note 2: Being net debt/total equity plus net debt Note 3: Market capitalisation as at the financial year end Note 4: Being year close share price/EPS for the financial year Annual Repor t 2021 18
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