MANAGEMENT DISCUSSION AND ANALYSIS (MD&A) PERFORMANCE 1. Overview of the Business and Financial Performance For the financial period ended 30 June 2024, Destini Berhad faced an array of business challenges but demonstrated resilience through strategic execution and operational efficiency. Our revenue for the financial period was RM159.33 million, compared to RM186.17 million in FY2022. This decrease of 14% reflects the challenging global economic environment, marked by inflationary pressures and subdued demand after the upliftment of COVID-19 restrictions in 2022. Despite these hurdles, we replenished our order book to RM846.00 million, bolstered by contracts secured in the aviation, defense, and mobility divisions. Our ability to secure these high-value contracts reflects the market's confidence in our capabilities and positions us well for future growth. However, the Group registered a loss after tax and non-controlling interest of RM133.47 million in FPE2024, largely attributed to higher financing costs and impairment charges amounting to RM146.46 million. These losses were primarily from trade receivables, investments in subsidiaries, and intangible assets, which we have proactively addressed to ensure better financial performance moving forward. 29 DESTINI BERHAD ANNUAL REPORT 2024
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