DESTINI Annual Report 2018

LAND SYSTEMS MANAGEMENT DISCUSSION AND ANALYSIS BY PRESIDENT AND GROUP CHIEF EXECUTIVE OFFICER • Destini’s land systems business segment also saw improvements after reporting a PATNCI of RM2.1 million in FY2018 from a LATNCI of RM400,000 the year before. This was on the back of a 94% increase in revenue of RM39.4 million in FY2018 from RM20.3 million in FY2017. • The improvement in earnings are from the delivery of 35 motor trollies and 2 road rail vehicles for KTMB during the year in review. • The Group had also completed the delivery of six TATRA vehicles and six IVECO vehicles for the Malaysia Civil Defence Force in mid-2018. • In addition, the Group has also embarked on the development of a prototype for an electric bus which is envisioned as an environmentally friendly last mile solution for the public transportation sector. • Destini is also in constant engagement with the Government and rail operators for the supply and maintenance of rail systems in Malaysia and the region. DESTINI BERHAD ANNUAL REPORT 2018 46