ENRA Group Berhad Annual Report 2021

LEADERSHIP ENRA Group Berhad | Annual Report 2021 16 MANAGEMENT DISCUSSION AND ANALYSIS ENRA Group Berhad remains operationally profitable for the financial year ended 31 March 2021 despite significant disruptions to the global business environment from the unforeseen COVID-19 pandemic. FINANCIAL SNAPSHOT FOR THE YEAR UNDER REVIEW FYE 2020 Change FYE 2021 Remarks RM mil % RM mil Revenue 226.65 (50.2) 112.80 Energy Services 174.69 (36.4) 111.13 Slowdowns and delays in customers’ activities, and the impact of lockdowns/ movement control orders Property Development 51.96 (96.8) 1.67 Completion of 93 GTS in FYE 2020 and delays in product launches due to pandemic Gross Profit 43.93 (23.0) 35.34 Energy Services 41.36 (15.2) 35.06 Acquisition of Ratu ENRA improved operating efficiency and effectiveness Property Development 2.57 (89.1) 0.28 Margins for Malaysian developments higher than 93 GTS PBT/(LBT) excl. EI (1) 8.36 (24.2) 6.34 Energy Services 19.01 (10.3) 17.05 In line with revenue but with improved gross profit margins Property Development (0.58) (113.8) (1.24) In line with revenu e PATAMI/(LATAMI) excl. EI (1) 2.48 36.3 3.38 Lower overall tax cost Exceptional Items - n.m. (9.74) Goodwill impairment in Energy Services division: RM8.54 mil Mutual separation scheme costs: RM1.20 mil PATAMI/(LATAMI) 2.48 n.m. (6.36) Primarily due to Exceptional Items ROE 2.0% n.m. 5.6% 3.0% excl. EI ROA 0.8% n.m. (2.6%) 1.4% excl. EI Note: (1) Excludes the Investment Holding and Others segment