I am pleased to report that for the financial year (‘FY’) ended 31 March 2012 the Group made a record profit after tax of RM103.7 million. This was achieved on the back of our success in our recent investments in London commercial properties and from higher contribution from our associate companies. This achievement represents a continuing record of profitability for the Group for the 4th consecutive year since its transformation into a focused property, engineering and infrastructure Group.

The Group’s shareholders’ fund at 31 March 2012 amounted to RM661.2 million and this translates into a net asset value per share of RM1.15. The Group’s gearing ratio has been reduced from 32% in FY 2011 to 20% in FY 2012 and the Group’s cash and cash equivalents increased from RM28.9 million to RM152.0 million.
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The Group will continue to focus on its property, engineering and infrastructure division with selected investments in central London properties and the continuous development of its existing land banks. The Engineering division is gathering strength and continues to search out for growth opportunities locally and regionally. With the Group’s recent active involvement in renewable energy, the infrastructure division’s long term growth prospect is expected to be enhanced.
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