Home  »  Financial Reports  »  Mudajaya Group Berhad
 

Mudajaya Group Berhad

 

Mudajaya Group Berhad (“Mudajaya”) was incorporated on 6 February 2003 under the Companies Act, 1965 as a public limited company. Mudajaya is an investment holding company and its subsidiaries and associated companies are involved in construction, property development, manufacturing, trading and the power sector.

The core company of Mudajaya is Mudajaya Corporation Berhad (“MJC”). MJC was incorporated in Malaysia under the name of Chye Hin Construction Company Limited on 9 December 1965 as a private limited company under Section 15(1) of the Companies Ordinances, 1940 to 1946. It changed its name to Chye Hin Construction Company Sdn Bhd on 15 April 1966. On 19 August 1972, its name was further changed to Mudajaya Construction Sdn Bhd and subsequently to Mudajaya Corporation Sdn Bhd on 19 May 1997.

 

On 10 June 1997, it was converted into a public limited company and assumed its present name, MJC. On 1 July 2002, a management buy-out (“MBO”) exercise on MJC was carried out by the management team led by its managing director, Mr Ng Ying Loong. The MBO was completed on 19 February 2003.

Subsequently, a restructuring exercise involving an acquisition of 100% equity interest in MJC by Mudajaya has paved the way for the listing exercise of the Mudajaya Group of Companies. In this respect, the incorporation of Mudajaya was to serve as a vehicle for the listing and quotation of Mudajaya Group of Companies on the Bursa Malaysia Securities Berhad (“BMSB”). The aforesaid restructuring exercise was completed on 1 March 2004.

Mudajaya was successfully listed and quoted on the Main Board of BMSB on 10 May 2004.

 

Contact Information

17,Jalan Semangat, 46100 Petaling Jaya, Selangor, Malaysia.
Tel: 603 - 7958 7899   Fax: 603 - 7958 7900   Email: info@mudajaya.com

 

Review of performance 31 March 2012

The Group achieved revenue of RM440.5 million and profit before tax (“PBT”) of RM94.0 million for the three months period ended 31 March 2012, as compared to RM223.1 million and RM52.8 million respectively for the previous corresponding period.

The increase in revenue and PBT were attributable to the following segments of the Group:-

Construction segment

The revenue of RM404.4 million in the three months period ended 31 March 2012 increased substantially as compared to the previous corresponding period of RM187.0 million. This was mainly due to the delivery of major equipment components of the Equipment Procurement contract for the 4 x 360MW coal-fired power plant at Chhattisgarh, India. The PBT increased to RM91.6 milllion in the current quarter as compared to RM51.8 million in the previous corresponding period was mainly due to higher construction activities in the current quarter.

Manufacturing segment

The revenue and PBT decreased from RM15.6 million and RM1.4 million in the previous corresponding period to RM10.8 million and RM0.7 million respectively for the three months period ended 31 March 2012. The manufacturing revenue and PBT for the three months period ended 31 March 2012 were affected due to the disposal of the quarrying business at the end of last year.

Trading segment

The three months period ended 31 March 2012 reported revenue of RM18.5 million with RM0.5 million in PBT, as compared to RM16.8 million in revenue with RM0.4 million in PBT in the previous corresponding period. Revenue and PBT increased slightly due to higher trading activities generated from sale of construction materials.

Property development segment

This segment reported revenue and PBT of RM6.8 million and RM1.3 million respectively for the three months period ended 31 March 2012 as compared to revenue of RM3.6 million and loss before tax of RM0.8 million in the previous corresponding period. The higher sales revenue reported for the 3 months period ended 31 March 2012 has resulted in a profit as compared to the previous corresponding period.
 

Compared with the immediate preceding quarter

The Group achieved revenue of RM440.5 million and profit before tax (“PBT”) of RM94.0 million for the current quarter ended 31 March 2012, as compared to RM430.7 million and RM82.5 million respectively for the preceding quarter.

The increase in revenue and PBT were mainly attributable to the following segments of the Group:-

Construction segment

The segment reported revenue of RM404.4 million for the current quarter as compared to the preceding quarter of RM405.9 million. The revenue was mainly derived from the delivery of major equipment components of the Equipment Procurement contract for the 4 x 360MW coal-fired power plant at Chhattisgarh, India. The PBT increased to RM91.6 million in the current quarter as compared to RM78.7 million in the preceding quarter partly due to the higher ESOS expenses charged out in the preceding quarter.

Manufacturing segment

The revenue of RM10.8 million in the current quarter has improved as compared to the preceding quarter’s revenue of RM7.7 million but the PBT decreased from RM4.0 million in the preceding quarter to RM0.7 million in the current quarter. The higher PBT in the previous quarter was mainly due to the gain on disposal of the quarrying business.

Trading segment

The segment reported revenue of RM18.5 million and PBT of RM0.5 million for the current quarter as compared to RM12.3 million and RM0.6 million respectively in the preceding quarter. The higher revenue in the current quarter was mainly due to the higher demand for construction materials arising from the civil construction of the power plant project in Manjung, Perak. However, the PBT has dropped slightly due to sales of lower profit margin items in the current quarter.

Property development segment

The segment reported revenue of RM6.8 million and PBT of RM1.3 million in the current quarter as compared to revenue of RM4.8 million and loss before tax of RM0.8 million in the preceding quarter. This was mainly due to sales of properties with higher profit margin recorded in the current quarter as compared to the preceding quarter.
 

 

Disclaimer: All information provided here should be treated as for informational purposes only. Viewer are advised to conduct their own research and seek independent professional advice prior to taking any investment or investment related decisions. The website owner should not be held liable for any informational errors, incompleteness, delays, or for any actions taken in reliance on information contained herein.

Home  |  Privacy Notice  |  Term of Use  |  Disclaimer  |

All Rights Reserved © 2012 - 2014