MKH Berhad 17 Chairman’s Statement Artist’s impression of Nexus @ Kajang Station, our freehold project strategically situated near Kajang Mass Rapid Transit (“MRT”) and KTM Komuter Train Integrated Station It has been another challenging year due to the COVID-19 pandemic which continue to impact the economy and life of everyone both locally and abroad. Despite the challenges, our Group recorded a commendable performance building on our strong vision and resilience. For FY2021, the Group’s proft before tax (“PBT”) increased by 38% to RM161.1 million (FY2020: RM116.5 million). A more detailed review of the Group’s performance is covered under the section on “Management Discussion and Analysis Report” in this Annual Report. Malaysia’s gross domestic product (“GDP”) is expected to grow between 5.5% and 6.5% in 2022 after a 4.5% contraction in the third quarter of 2021. The various stimulus packages implemented by the Government is expected to have spill over effects and provide additional boost to the economy in 2022. The Group continues to leverage on strong demand for affordable housing emphasising on affordable pricing, good location and the right product mix. For FY2021, thePropertyDevelopment andConstruction Division recorded a lower revenue and PBT of RM509.0 million and RM36.2 million respectively Dear Shareholders, On behalf of the Board of Directors and the management, it is my great pleasure to present to you the Annual Report of MKH Berhad (“MKH” or “the Group”) for the financial year ended 30 September 2021 (“FY2021”). mainly due to the temporary disruption of physical construction work for ongoing development projects arising from the Movement Control Order (“MCO”). In line with the good demand for transit-oriented urban development model (“TOD”), MKH has been developing TOD projects that are well-located along the Klang Valley transit system such as Nexus @ Taman Pertama in Cheras, MKH Boulevard 2 in Kajang, Nexus @ Kajang Station, MIRAI Residences @ Kajang 2 Precinct 1 (ongoing service apartment projects) and the new service apartment project known as TR2 Residence @ Jalan Tun Razak, Kuala Lumpur. The Group has been actively carrying out marketing activities through digital and social media platforms to widen our market reach and increase engagement with potential buyers, pacing new property launches and synergizing with the extension of the well-received Home Ownership Campaign (“HOC”).
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