07 PERFORMANCE REVIEW ENRA GROUP BERHAD ANNUAL REPORT 2023 Dear Valued Shareholders, “I am pleased to present ENRA Group Berhad’s Annual Report for the financial year ended 31 March 2023.” CHAIRMAN’S STATEMENT The prevailing global economic challenges have resulted in a muted year, with ENRA operationally stable but experiencing significant impairments for some projects which we are defering until the market improves. Our Energy Services segment remained resilient in a volatile market, effectively supporting the entire Group. The Property Development segment on the other hand is experiencing significant headwinds and the team is expending efforts to refine our existing products to tackle a very challenging market. We have high hopes for our growing MRO division which we anticipate to be a key new business to the Group. Looking ahead, we remain cautious but believe that our stable financial position and asset base, diversified portfolio, and talented workforce position us well for future opportunities. We will continue to pursue and carefully evaluate opportunities and partnerships, invest in our people, and enhance operations. On behalf of the Board and Management, l extend our deepest appreciation to our stakeholders for their support. Together, we will drive ENRA Group forward, delivering long-term value to shareholders through prudent capital allocation. Datuk Ali bin Abdul Kadir Chairman 21 June 2023
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