MITRAJAYA HOLDINGS BERHAD - Announcements

Minority interests
(RM’000)
Profit after taxation
and minority interest
(RM’000)
Weighted average
no. Of ordinary
shares in issue
(‘000)
1995
9,188
Audited
Financial Year ended 31 December
1996
30
997
1998
1999
2000
- (50) (78) (173) 708 (8,413)
9,349
10,033
9,469
40,083
21,839
19,023 19,023 34,242 45,523 90,977 106,429
Net EPS (sen) 48.30 49.15 29.30 20.80 44.06 20.52
Diluted EPS (sen) - - - 15.16 35.65 17.03
Gross dividend rate
(%)
10 10 20 10 10 15
* Earnings before interest, depreciation, taxation and amortisation.
Notes:
(1) The Group’s turnover shot up by 83.3% or to RM250.4 million in 1996. However, profit before tax rose by 0.3%
only mainly due to high value Government contracts undertaken that have low profit margin while shortages of
manpower and raw material forced costs up.
(2) The turnover increased to RM381.7 million or by 52.4% in 1997 together with a higher profit before tax of
RM14.2 million or an increase by 8.6%. The increase in the turnover was mainly due to the completion of major
projects, like the North-South Expressway Central Link and the earthwork project at Kuala Lumpur International
Airport which in turn increased the profit before tax.
(3) The Group’s turnover declined to RM222.9 million in 1998 mainly as a result of Asia’s continuing economic
problems that hit the construction sector and the acute shortage of major new projects. The main contributor to
the Group’s turnover and profit was Pembinaan Mitrajaya Sdn Bhd through its civil engineering and building
construction projects.
(4) The Group’s turnover declined to RM178.9 million in 1999 mainly due to shortage of new major projects as the
continued gloomy economic situation hit the construction sector particularly hard. Despite a lower turnover, the
profit before tax increased by 154%.
(5) The Group turnover for the year ended 31 December 2000 has increased by 23% and 22% increase in profit
before tax as compared to the preceding year ended 31 December 1999. The property development at Puchong
and South Africa brought on higher contribution.
(6) There is no exceptional items for the six financial years ended 31 December 2000 except for the financial year
ended 31 December 1998 which are related to corporate exercise expenses and loss on repurchase of bonds.
(7) There is no extraordinary items for the six financial years ended 31 December 2000.