For the financial year under review, the Group’s revenue improved by 5.7% to RM417.6 million for the current financial year compared to RM394.9 million reported in the previous financial year. The Group’s earnings has also improved from the pre-tax loss of RM0.4 million in 2008 to a pre-tax profit of RM12.0 million in 2009.

Revenue from the property development division including property trading activities which contributed 39.7% of total revenue increased from RM93.5 million in 2008 to RM165.8 million in 2009 due to income recognition from the on-going development projects such as Bayu Villas, Amaya Saujana, V Square and Pearl Villas. These projects have achieved commendable take-up rates and are already in advance stages of construction.

Revenue from the construction and project management division which contributed 60.1% of total revenue has declined from RM299.9 million in 2008 to RM251.1 million in 2009. The decline was due to the completion of a major project, the Pavilion Residence, during the financial year.

The improvement in earnings for the financial year were mainly attributed to improved revenue contributed from on-going developments projects as mentioned above and the successful implementation of various costs containing measures during the year.