DESTINI AR 2017

Share performance Destini’s share price performance was relatively encouraging during the first half of 2017. The Group saw its share price highest at 82 sen in March 2017. However, Destini’s share price was unable to hold through and slid about 50% to 42.5 sen in November 2017, before closing with a market cap of RM600 million at the end of the year. With an improved revenue base, Destini’s net assets per share rose to 44 sen in FY2017 as compared to 42 sen reported in the previous year. Basic earnings per share however dipped to 2.60 sen from 3.27 sen in financial year ended December 31, 2016 (FY2016). Moving forward In the introduction to my statement, it was mentioned that the local economy took a surprising turn for the better. In this coming year, the IMF is expecting Malaysia’s GDP to grow 5.3%, marginally less than what was achieved last year. We take note of the local and international uncertainties. However, we at Destini remain cautiously optimistic on the Group’s performance and expect to maintain the Group’s current growth rate operationally and financially. Recently, Destini announced its new corporate identity which saw the unveiling of its new corporate logo. This new image for the Group is poise as a repositioning tool for the future growth of the Group to be internationally recognisable. We hope the new identity would be able to reinvigorate the Group’s value proposition and identity for stakeholders, clients and employees. Appreciation Finally, on behalf of the Board, I would like to take this opportunity to express our sincere appreciation to our shareholders, customers and all other stakeholders and government agencies who have been instrumental to our achievements during the year. A special note of appreciation goes to my colleagues on the Board for their time and counsel, which have been critical to building the Group’s core competencies which are attributable to Destini’s journey. I would like to welcome Dato’ Abdul Aziz Haji Sheikh Fadzir back on the Board of Destini as an independent and non- executive director. Dato’ Aziz was previously Destini’s non-independent & non-executive director from 2012 to 2015. I would also like to welcome En. Ismail Mustaffa as the Group’s Executive Director. En. Ismail joined the Group in 2011 as Destini’s Director of Strategic Planning and International Operations and was part of the core team established by President and Group Chief Executive Officer, Dato’ Rozabil Abdul Rahman that successfully turned around the Group then. Most importantly I would like to thank Destini’s management and its employees who have demonstrated great support and commitment to the growth of the Group. Moving forward into 2018, I hope that we will all persevere and progress together as an entity towards OUR DESTINI! Tan Sri Dato’ Sri Rodzali Daud Independent Non-Executive Chairman 37 DESTINI BERHAD Annual Report 2017