MKH Annual Report 2021

18 Annual Report 2021 Chairman’s Statement As at 30 September 2021, the Group recorded an unbilled sales value of RM947.2 million that was mainly attributable to new and ongoing property development projects namely Hillpark Shah Alam, Inspirasi @ Mont Kiara, Kajang East Precinct 1, MKH Boulevard 2, Nexus @ Kajang Station, Bandar Teknologi Kajang Shops, Hillpark 3 Phase 1B Shops, Kajang East Avenue Shops, MIRAI Residences @ Kajang 2 Precinct 1 and Nexus @ Taman Pertama. For FY2021, the Plantation Division recorded a substantially higher revenue and proft before tax of RM294.5 million and RM101.9 million respectively mainly due to higher average crude palm oil (“CPO”) selling price and inclusion of unrealised foreign exchange gains of RM8.0 million. 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 located. In recognising the importance of innovation in value creation for our businesses, our oil palm plantation located in East Kalimantan, Indonesia continues to expand on the use of mechanicalassisted collection of fresh fruits bunches (“FFB”) and the use of software apps for monitoring. The Plantation Division also utilises drones to enhance good agriculture practices and monitoring. The combined program assists management to analyse feld condition and palm growth; conduct palm census; monitor road access and water flows which contribute towards good estate management. We will continue to focus on our efforts to maximise CPO production and operation efficiency. The Plantation Division is operating as usual albeit with added biosecurity measures against COVID-19. To date, our plantation was able to ensure an uninterrupted business operation for continued sustainability and revenue generation. Part of our corporate social responsibilities (“CSR”) initiative included continued education of biosecurity measures for our employees and the general public, reinforced with donation of 100,000 masks to communities identifed to be at risk from the pandemic. Unloading of fresh fruit bunches from our plantation estate to our CPO mill

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