Quarterly rpt on consolidated results for the financial period ended 30 Sep 2024
GUOCOLAND (MALAYSIA) BERHAD
Financial Year End | 30 Jun 2025 |
Quarter | 1 Qtr |
Quarterly report for the financial | 30 Sep 2024 |
period ended | |
The figures | have not been audited |
Attachments
Q1 2025 Results.pdf
398.4 kB
Default Currency Other Currency
Currency: Malaysian Ringgit (MYR)
SUMMARY OF KEY FINANCIAL INFORMATION
30 Sep 2024
INDIVIDUAL PERIOD | CUMULATIVE PERIOD | ||||
CURRENT | PRECEDING YEAR | CURRENT | PRECEDING | ||
YEAR | CORRESPONDING | YEAR TO DATE | YEAR | ||
QUARTER | QUARTER | CORRESPONDING | |||
PERIOD | |||||
30 Sep 2024 | 30 Sep 2023 | 30 Sep 2024 | 30 Sep 2023 | ||
MYR'000 | MYR'000 | MYR'000 | MYR'000 | ||
1 | Revenue | 60,335 | 119,153 | 60,335 | 119,153 |
2 | Profit/(loss) before | 5,504 | 8,993 | 5,504 | 8,993 |
tax | |||||
3 | Profit/(loss) for the | 2,621 | 5,129 | 2,621 | 5,129 |
period | |||||
4 | Profit/(loss) | 2,321 | 4,788 | 2,321 | 4,788 |
attributable to | |||||
ordinary equity | |||||
holders of the | |||||
parent | |||||
5 | Basic | 0.35 | 0.72 | 0.35 | 0.72 |
earnings/(loss) per | |||||
share (Subunit) | |||||
6 | Proposed/Declared | 0.00 | 0.00 | 0.00 | 0.00 |
dividend per share | |||||
(Subunit) | |||||
AS AT END OF CURRENT | AS AT PRECEDING FINANCIAL | ||||
QUARTER | YEAR END | ||||
7 | Net assets per | 2.0618 | 2.0584 | ||
share attributable | |||||
to ordinary equity | |||||
holders of the | |||||
parent | |||||
Definition of Subunit:
In a currency system, there is usually a main unit (base) and subunit that is a fraction amount of the main unit. Example for the subunit as follows:
Country | Base Unit | Subunit |
Malaysia | Ringgit | Sen |
United States | Dollar | Cent |
United Kingdom | Pound | Pence |
Announcement Info
Company Name | GUOCOLAND (MALAYSIA) BERHAD |
Stock Name | GUOCO |
Date Announced | 12 Nov 2024 |
Category | Financial Results |
Reference Number | FRA-12112024-00004 |
QUARTERLY REPORT ON CONSOLIDATED RESULTS FOR THE FIRST QUARTER ENDED 30 SEPTEMBER 2024
The figures have not been audited
CONDENSED CONSOLIDATED INCOME STATEMENT
FOR THE FINANCIAL PERIOD ENDED 30 SEPTEMBER 2024
3 months ended | Period-to-date ended | ||||
30.09.2024 | 30.09.2023 | 30.09.2024 | 30.09.2023 | ||
RM'000 | RM'000 | RM'000 | RM'000 | ||
Revenue | 60,335 | 119,153 | 60,335 | 119,153 | |
Cost of sales | (36,806) | (90,931) | (36,806) | (90,931) | |
Gross profit | 23,529 | 28,222 | 23,529 | 28,222 | |
Selling and marketing expenses | (1,367) | (1,479) | (1,367) | (1,479) | |
Administrative expenses | (14,337) | (15,344) | (14,337) | (15,344) | |
Other net income | 1,187 | 1,062 | 1,187 | 1,062 | |
Profit from operations | 9,012 | 12,461 | 9,012 | 12,461 | |
Finance income | 612 | 993 | 612 | 993 | |
Finance costs | (5,647) | (6,528) | (5,647) | (6,528) | |
Share of results of associates and joint ventures | 1,527 | 2,067 | 1,527 | 2,067 | |
Profit before tax | 5,504 | 8,993 | 5,504 | 8,993 | |
Taxation | (2,883) | (3,864) | (2,883) | (3,864) | |
Profit for the period | 2,621 | 5,129 | 2,621 | 5,129 | |
Profit attributable to: | |||||
Owners of the parent | 2,321 | 4,788 | 2,321 | 4,788 | |
Non-controlling interests | 300 | 341 | 300 | 341 | |
Profit for the period | 2,621 | 5,129 | 2,621 | 5,129 | |
Profit per share attributable to owners of the parent: | |||||
a) Basic (sen) | 0.346 | 0.715 | 0.346 | 0.715 | |
b) Diluted (sen) | 0.346 | 0.715 | 0.346 | 0.715 |
The condensed consolidated statement of comprehensive income should be read in conjunction with the audited financial statements for the financial year ended 30 June 2024 and the accompanying explanatory notes attached to the interim financial statements.
GLM/1
GUOCOLAND (MALAYSIA) BERHAD (192001000022 (300-K))
QUARTERLY REPORT ON CONSOLIDATED RESULTS FOR THE FIRST QUARTER ENDED 30 SEPTEMBER 2024
The figures have not been audited
CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME FOR THE FINANCIAL PERIOD ENDED 30 SEPTEMBER 2024
3 months ended | Period-to-date ended | ||||
30.09.2024 | 30.09.2023 | 30.09.2024 | 30.09.2023 | ||
RM'000 | RM'000 | RM'000 | RM'000 | ||
Profit for the period, representing total | |||||
comprehensive income for the period | 2,621 | 5,129 | 2,621 | 5,129 | |
Total comprehensive income attributable to: | |||||
Owners of the parent | 2,321 | 4,788 | 2,321 | 4,788 | |
Non-controlling interests | 300 | 341 | 300 | 341 | |
Total comprehensive income for the period | 2,621 | 5,129 | 2,621 | 5,129 |
The condensed consolidated statement of comprehensive income should be read in conjunction with the audited financial statements for the financial year ended 30 June 2024 and the accompanying explanatory notes attached to the interim financial statements.
GLM/2
GUOCOLAND (MALAYSIA) BERHAD (192001000022 (300-K))
QUARTERLY REPORT ON CONSOLIDATED RESULTS FOR THE FIRST QUARTER ENDED 30 SEPTEMBER 2024
The figures have not been audited
CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS AT 30 SEPTEMBER 2024
Unaudited | Audited | ||
As at | As at | ||
30.09.2024 | 30.06.2024 | ||
RM'000 | RM'000 | ||
Non-current assets | |||
Property, plant and equipment | 290,858 | 292,716 | |
Right-of-use assets | 13,920 | 14,492 | |
Investment properties | 285,700 | 285,263 | |
Inventories | 148,914 | 148,914 | |
Investments in associates | 259,257 | 259,862 | |
Investments in joint ventures | 137,819 | 146,016 | |
Other non-current assets | 2,917 | 3,000 | |
Goodwill | 2,406 | 2,521 | |
Deferred tax assets | 23,377 | 22,009 | |
1,165,168 | 1,174,793 | ||
Current assets | |||
Inventories | 621,282 | 631,222 | |
Biological assets | 235 | 405 | |
Trade and other receivables | 78,878 | 82,258 | |
Contract assets | 166,335 | 157,249 | |
Contract cost assets | 43,382 | 42,008 | |
Other current assets | 1,858 | 1,742 | |
Tax recoverable | 229 | 440 | |
Cash and cash equivalents | 101,231 | 101,213 | |
1,013,430 | 1,016,537 | ||
TOTAL ASSETS | 2,178,598 | 2,191,330 |
GLM/3
GUOCOLAND (MALAYSIA) BERHAD (192001000022 (300-K))
QUARTERLY REPORT ON CONSOLIDATED RESULTS FOR THE FIRST QUARTER ENDED 30 SEPTEMBER 2024
The figures have not been audited
CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS AT 30 SEPTEMBER 2024 (cont'd)
Unaudited | Audited | ||
As at | As at | ||
30.09.2024 | 30.06.2024 | ||
RM'000 | RM'000 | ||
EQUITY AND LIABILITIES | |||
Equity attributable to owners of the parent | |||
Share capital | 385,318 | 385,318 | |
Reserves | 1,019,735 | 1,017,414 | |
Equity funds | 1,405,053 | 1,402,732 | |
Shares held by ESS Trust | (23,883) | (23,883) | |
1,381,170 | 1,378,849 | ||
Non-controlling interests | 71,798 | 71,498 | |
TOTAL EQUITY | 1,452,968 | 1,450,347 | |
Non-current liabilities | |||
Trade and other payables | 2,157 | 1,936 | |
Loans and borrowings | 307,015 | 291,691 | |
Lease liabilities | 12,797 | 13,212 | |
Deferred tax liabilities | 13,371 | 12,857 | |
335,340 | 319,696 | ||
Current liabilities | |||
Trade and other payables | 193,427 | 197,930 | |
Contract liabilities | 13,438 | 10,318 | |
Loans and borrowings | 176,716 | 204,198 | |
Lease liabilities | 2,012 | 2,117 | |
Tax payable | 4,697 | 6,724 | |
390,290 | 421,287 | ||
TOTAL LIABILITIES | 725,630 | 740,983 | |
TOTAL EQUITY AND LIABILITIES | 2,178,598 | 2,191,330 | |
Net assets per share attributable to ordinary owners of the | |||
parent (RM) | 2.0618 | 2.0584 |
The condensed consolidated statement of financial position should be read in conjunction with the audited financial statements for the financial year ended 30 June 2024 and the accompanying explanatory notes attached to the interim financial statements.
GLM/4
GUOCOLAND (MALAYSIA) BERHAD (192001000022 (300-K))
QUARTERLY REPORT ON CONSOLIDATED RESULTS FOR THE FIRST QUARTER ENDED 30 SEPTEMBER 2024
The figures have not been audited
CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
FOR THE FINANCIAL PERIOD ENDED 30 SEPTEMBER 2024
Attributable to owners of the parent | ||||||||
Non-Distributable | Distributable | |||||||
Shares held | Non- | |||||||
Share | by ESS | Merger | Exchange | Other | Retained | controlling | Total | |
capital | Trust | reserve | reserve | reserve | profits | Total | interests | equity |
RM'000 | RM'000 | RM'000 | RM'000 | RM'000 | RM'000 | RM'000 | RM'000 | RM'000 |
Current period-to-date | |||||||||
At 1 July 2024 | 385,318 | (23,883) | (24,028) | - | 27 | 1,041,415 | 1,378,849 | 71,498 | 1,450,347 |
Total comprehensive income for the period | - | - | - | - | - | 2,321 | 2,321 | 300 | 2,621 |
As At 30 September 2024 | 385,318 | (23,883) | (24,028) | - | 27 | 1,043,736 | 1,381,170 | 71,798 | 1,452,968 |
GLM/5
GUOCOLAND (MALAYSIA) BERHAD (192001000022 (300-K))
QUARTERLY REPORT ON CONSOLIDATED RESULTS FOR THE FIRST QUARTER ENDED 30 SEPTEMBER 2024
The figures have not been audited
CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
FOR THE FINANCIAL PERIOD ENDED 30 SEPTEMBER 2024 (cont'd)
Attributable to owners of the parent | ||||||||
Non-Distributable | Distributable | |||||||
Shares held | Non- | |||||||
Share | by ESS | Merger | Exchange | Other | Retained | controlling | Total | |
capital | Trust | reserve | reserve | reserve | profits | Total | interests | equity |
RM'000 | RM'000 | RM'000 | RM'000 | RM'000 | RM'000 | RM'000 | RM'000 | RM'000 |
Preceding year's corresponding period | |||||||||
At 1 July 2023 | 385,318 | (23,883) | (24,028) | 106 | 27 | 1,000,296 | 1,337,836 | 76,250 | 1,414,086 |
Total comprehensive income for the period | - | - | - | - | - | 4,788 | 4,788 | 341 | 5,129 |
Dividend paid | - | - | - | - | - | - | - | (6,153) | (6,153) |
As At 30 September 2023 | 385,318 | (23,883) | (24,028) | 106 | 27 | 1,005,084 | 1,342,624 | 70,438 | 1,413,062 |
The condensed consolidated statement of changes in equity should be read in conjunction with the audited financial statements for the financial year ended 30 June 2024 and the accompanying explanatory notes attached to the interim financial statements.
GLM/6
GUOCOLAND (MALAYSIA) BERHAD (192001000022 (300-K))
QUARTERLY REPORT ON CONSOLIDATED RESULTS FOR THE FIRST QUARTER ENDED 30 SEPTEMBER 2024
The figures have not been audited
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE FINANCIAL PERIOD ENDED 30 SEPTEMBER 2024
Period-to-date ended | |||
30.09.2024 | 30.09.2023 | ||
RM'000 | RM'000 | ||
Cash flows from operating activities | |||
Profit before tax | 5,504 | 8,993 | |
Adjustments for: | |||
Allowance for impairment on trade and other receivables | 78 | 74 | |
Depreciation of property, plant and equipment | 1,879 | 2,407 | |
Depreciation of right-of-use assets | 572 | 545 | |
Loss on fair value of biological assets | 170 | - | |
Interest expense | 5,647 | 6,528 | |
Interest income | (612) | (993) | |
Net gain on fair value adjustments of investment properties | (437) | - | |
Realisation of goodwill | 115 | - | |
Share of results of associates and joint ventures | (1,527) | (2,067) | |
Unrealised profit arising from transactions with | |||
joint ventures and associates | (48) | (127) | |
Operating profit before working capital changes | 11,341 | 15,360 | |
Working capital changes: | |||
Inventories | 9,940 | 7,694 | |
Trade and other receivables | 5,225 | 16,947 | |
Contract assets | (9,086) | (73,602) | |
Contract cost assets | (1,374) | 6,784 | |
Trade and other payables | (4,273) | 10,857 | |
Contract liabilities | 3,120 | 5,495 | |
Associates and joint ventures balances | (716) | (636) | |
Related company balances | (1,249) | (619) | |
Cash flow generated from/(used in) operations | 12,928 | (11,720) | |
Interest received | 59 | 46 | |
Interest paid | (5,462) | (6,329) | |
Interest paid on lease liabilities | (185) | (199) | |
Tax paid | (5,553) | (2,894) | |
Net cash flows generated from/(used in) operating activities | 1,787 | (21,096) |
GLM/7