17 LEADERSHIP ENRA GROUP BERHAD ANNUAL REPORT 2023 Management Discussion and Analysis (Cont’d) MRO Services Following the Group’s diversification into the business, ENRA is set to increase business activities within this division as a whole. The focus for the upcoming year will be to cement our position in this industry through active efforts in business development. The division has begun a business development and marketing drive of its services and solutions to both the Government and commercial sectors. The division has also hired a team of trained and qualified technicians, as well as investing in its first Service Centre. In addition, to ensure sustainable supply chain management and to address clients’ obsolescence issues commonly encountered with aging capital assets, the Company has established a broad network of reliable vendors to supply parts and provide technical assistance to prospective customers. In order to achieve our growth targets for the upcoming year, our MRO division will be immediately targeting the servicing of Diesel Engines (encompassing maintenance, servicing, machining, repairs and ancillary services) across various sectors such as oil & gas, agriculture, marine and transportation, amongst others. CONCLUSION ENRA remains vigilant through our discipline in managing costs and our adherence to risk mitigation. Through our diversification, ENRA will aim to establish stable revenue streams across multiple divisions so as not to be reliant on just one sector. Management is optimistic that we will be able to organically grow our current core businesses whilst continuing to explore other opportunities that may be beneficial to the Group. Overall, whilst the immediate future presents some challenges, management is confident that the Group will be able to weather the challenges. We have taken initiatives to ensure that our foundation is stable for growth ahead. Our Energy Services division has ensured the redeployment of Ratu ENRA after the current contract which will provide a strong baseline to support the Group. In addition, we have identified opportunities for our SPM product within Southeast Asia and the Middle East which we will continue to explore. For our Property Development division, we are hopeful and anticipating a resolution to our efforts to develop the Rugby land and our existing projects in Malaysia. Finally, we are pleased with our new team in the MRO Services division and are looking forward to growth arising from their active business development and our new facility.
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