ANNUAL REPORT 2023 15 GROUP INCOME STATEMENTS As at 30 June/30 Sep/31 Dec (RM’000) FY2018 (1) FP2019 (2) FP2020 FY2021 FY2022 FY2023 Revenue 562,270 593,578 530,463 721,877 651,107 774,261 EBITDA (3) 168,599 (3) 355,237 312,593 377,890 475,636 592,700 Profit Before Tax (“PBT”) 128,473 (3) 306,939 268,958 320,683 404,367 489,405 Net Profit 125,970 (3) 302,156 267,194 316,705 400,402 486,839 Net Profit Attributable to Owners of the Company 128,952 (3) 303,090 268,656 315,940 398,662 487,648 Total Comprehensive Income 125,671 (3) 302,194 267,176 316,704 400,416 479,802 GROUP BALANCE SHEETS As at 30 June/30 Sep/31 Dec (RM’000) FY2018 (1) FP2019 (2) FP2020 FY2021 FY2022 FY2023 Total Non-Current Assets 526,109 (3) 705,207 866,174 1,234,237 1,690,098 2,069,768 Total Current Assets 358,142 (3) 324,823 550,561 649,367 849,579 1,148,010 TOTAL ASSETS 884,251 (3) 1,030,030 1,416,735 1,883,604 2,539,677 3,217,778 Financed By: Share Capital 360,630 360,630 634,262 854,895 904,077 962,017 Treasury Shares (52,804) (144,743) (61,652) (12,364) (36,642) (81,258) Other Reserves 6,401 6,439 6,421 6,420 6,434 (671) Retained Profits 253,718 (3) 490,606 570,191 698,112 1,002,108 1,324,000 Shareholders’ Equity 567,945 (3) 712,932 1,149,222 1,547,063 1,875,977 2,204,088 Minority Interests (4,043) (4,937) (6,399) (5,614) (3,874) (3,802) Total Equity 563,902 707,995 1,142,823 1,541,449 1,872,103 2,200,286 Total Non-Current Liabilities 96,960 138,738 125,124 101,397 331,017 731,028 Total Current Liabilities 223,389 183,297 148,788 240,758 336,467 286,464 TOTAL EQUITY AND LIABILITIES 884,251 1,030,030 1,416,735 1,883,604 2,539,677 3,217,778 Financial Analysis FY2018 (1) FP2019 (2) FP2020 FY2021 FY2022 FY2023 Revenue Growth 51.5% 5.6% (10.6%) (6) 36.1% (9.8%) 18.9% PBT Growth (36.2%) 138.9% (12.4%) (6) 19.2% 26.1% 21.0% Net Profit Growth (37.0%) 139.9% (11.6%) (6) 18.5% 26.4% 21.6% EBITDA Margin 30.0% 59.8% 59.0% 52.3% 73.1% 76.6% PBT Margin 22.8% 51.7% 50.7% 44.4% 62.1% 63.2% Net Profit Margin 22.4% 50.9% 50.6% 43.9% 61.5% 62.9% Return on Average Equity 22.6% 47.5% 29.0% 23.5% 23.4% 23.9% Return on Average Total Assets 14.4% 31.6% 22.0% 19.1% 18.0% 16.9% Net Tangible Assets Per Share (Sen) 7.7 (3)(5) 9.8 (5) 13.8 (5) 16.2 16.6 13.1 Net Earnings Per Share (Sen) 1.8 (3)(5) 4.3 (5) 3.8 (5) 4.3 5.4 6.6 Notes:- (1) MYEG had on 13 June 2018 changed its financial year end from 30 June to 30 September. The FP2018 was made up of results for 15 months covering the period from 1 July 2017 to 30 September 2018. (2) MYEG had on 27 September 2019 changed its financial year end from 30 September to 31 December. The FP2019 was made up of results for 15 months covering the period from 1 October 2018 to 31 December 2019. HIGHLIGHTS OF FINANCIAL PERFORMANCE (cont’d) (3) Net of impairments made for capital expenditure and receivables related to the abolishment of the Goods and Services Tax regime. (4) EBITDA = Earnings Before Interest, Taxes, Depreciation and Amortization. (5) The comparative figures for net tangible assets per share and net earnings per share have been restated to reflect the adjustment arising from the bonus issue completed during FY2021. (6) Growth rate is negative due to FY2020 being a 12-month period against a 15-month period for FP2019. PERFORMANCE
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