DESTINI Annual Report 2019

PERFORMANCE 03 • Over at land systems, the Group saw its revenue dip from RM39.41million in FYE2018 to RM1.27million in FYE2019. PATNCI also dived from RM2.38 million in FYE2018 to a LATNCI of RM12.43 million in FYE2019. • During the year in review, Destini successfully delivered 12 units of heavy vehicles to the National Disaster Management Agency and 35 Motor Trolley’s to Keretapi Tanah Melayu Berhad. • Despite the successful deliveries, this business segment was not able to replenish its order book with major contracts due to the Governments budget constraints on asset acquisition. • However, this business segment received a contract valued at RM3.91 million from the Ministry of Education to supply seven 40-seater busses for schools in Negeri Sembilan, Melaka and Johor for general usage of the schools in the states. • Moving forward, Destini will constantly engage with the Government and rail operators for opportunities in supplying and maintaining rail systems in Malaysia and the region. • Transportation projects has been on the quiet side in 2019. In saying that, the Group is expecting better roll out of new rail related projects in 2020 as the Government may relook into investing more on the rail segment, which Destini is keen to take part in. LAND SYSTEMS MANAGEMENT DISCUSSION AND ANALYSIS ANNUAL REPORT 2019 043