MKH Berhad 17 MKH Berhad Headquarters 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 2022 (“FY2022”). It has been another commendable year for MKH. We emerged more resilient and reinvigorated and this is reflected in our numbers and also in the trust that our stakeholders have placed in us. I am grateful to our shareholders, customers, joint venture partners, business associates, bankers and other stakeholders for their continuous support to make this happen. For FY2022, despite the challenging business environment, the Group’s turnover increased by 6.0% to RM968.1 million and profit before tax increased by 6.3% to RM171.3 million. We did this by aligning our vision and strategy, focusing on sustainable growth and maintaining strong operational diligence. This is a testament to the unwavering determination and effort from our directors, management and staff. 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 moderate in 2023 weighed down by spillover from tighter global financial conditions after registering a strong growth of 14.2% in the third quarter of 2022 underpinned by continued expansion in domestic demand. Central banks, especially in advanced economies, have quickened the increase in interest rate to contain inflation leading to spillover to emerging market economies.
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