MKH Annual Report 2020

19 MKH BERHAD extended support to our tenants at Plaza Metro Kajang and Metro Point Complex by giving rental rebates for eligible tenants to ease their financial burdens during the MCO and CMCO period. During the financial year, the Group have contributed approximately RM1.7 million in community engagement that benefitted 70 educational institutions, community clubs and charitable organisations. In our continuous quest in driving growth and enhancing the sustainability of our business operations, we are humbled to be consecutively recognised by The Edge Malaysia as the Top 12 Developer in Malaysia at The Edge Malaysia Top Property Developer’s Awards 2020. MKH’s sustainability progress is further detailed in the section on “Sustainability Report” within this report, from page 28 to page 41. COVID-19 within our plantation thus far. Todate, our plantation was able to ensure an uninterrupted process workflow for continued sustainability and revenue generation. Given our plantation’s success in the combat against the pandemic, our management was invited to serve as part of the local authorities’ think tank towards the sustainability of the province’s efforts in crisis management. Part of our initiative included continued socialisation of biosecurity measures to educate the general public, reinforced with donation and immediate transportation of 100,000 masks to communities identified to be at risk from the pandemic. For FY2020, the Plantation Division recorded a higher revenue and profit before tax of RM250.5 million and RM26.2 million respectively due to higher average crude palm oil (“CPO”) selling price and higher FFB production. The announcement by the Indonesian Government on the shifting of the administrative capital of Indonesia to East Kalimantan have a positive effect as it will accelerate the economic and infrastructure development in East Kalimantan where our plantation is strategically located. Our Building Materials Trading Division has also established its own ironmongeries trademarked “EGON” to fit the aesthetically needs of modern residential and commercial projects that can enhance the prestige of the property. At our Hotel and Property Investment Division, the Group Chairman’s Statement Worker loading fresh fruit bunches Artist’s impression of MIRAI Residences entrance