Directors - Boustead Holdings Berhad

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PROPERTY DIVISION 46 Malaysia’s property sector continued to experience increasing challenges and as a direct effect, this Division by virtue of the operating environment, compounded by the rising cost of materials, registered a profit of RM48 million as compared with RM55 million last year. On a positive note, the performance of our flagship retail development, the Curve, made a turnaround from a loss, clearly indicating its growing potential as a valuable profit contributor.
Financial Highlights 1,750 1,400 1,050 700 350 0 308m 309m 48m Revenue Operating Profit Total Assets Employed 2006 2005 PROPERTY DEVELOPMENT Property development which is spearheaded by our Mutiara Home brands in Selangor and Johor, registered a profit of RM47 million as opposed to RM75 million in 2005 due to lower progress billings for residential and corporate land sales. Despite the decline, we are confident that our strategic plans which have already been set in motion, will bear better results over the years. This is exemplified by the growing recognition of Mutiara Damansara as a fully integrated township, more so with the completion of all its commercial and retail components. 55m 1,629m 1,516m 516 491 Employees In reflecting the coming of age of this township, the land value for the residential portion was recorded at approximately RM200 per square feet at the end of 2006 compared with RM90 per square feet five years ago. This remarkable appreciation is testament to our vision to enhance the value of our properties. Our sale of the Surian Condominiums has exceeded 97% while the bungalow houses launched to date recorded a 100% take-up rate. In terms of commercial properties, the value of our corporate lots has risen significantly and tripled in value since 2000 due to the excellent infrastructure and accessibility. 47
Page 1 and 2: www.boustead.com.my Boustead Holdin
Page 3 and 4: annual report
Page 5 and 6: Standing from left Y. BHG. LT. GEN.
Page 7 and 8: Y. BHG. TAN SRI DATO’ LODIN WOK K
Page 9 and 10: Y. BHG. DATUK AZZAT KAMALUDIN Non-I
Page 11 and 12: Corporate Calendar FINANCIAL YEAR 1
Page 13 and 14: En Hussin Abdul Jalil Boustead Esta
Page 15 and 16: Puan Azizah Aris Boustead Emasewa P
Page 17 and 18: Audit Committee Report Attendance N
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Page 21 and 22: THE BOARD OF DIRECTORS IS COMMITTED
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Page 29 and 30: RISK MANAGEMENT The Board recognise
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Page 45 and 46: Financial Highlights Average Prices
Page 47: As one of the leading GLCs and key
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Page 68 and 69: Directors’ Report DIRECTORS’ IN
Page 70 and 71: Directors’ Report OTHER STATUTORY
Page 72 and 73: Auditors’ Report TO THE MEMBERS O
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Boustead Group 140 Group Interest %
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Boustead Group 142 Group Interest %
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Additional Disclosure (Pursuant to
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Recurrent Related Party Transaction
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Recurrent Related Party Transaction
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Shareholding Statistics 166 AS AT 3
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Statement of Directors’ Interest
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Notice of Annual General Meeting NO
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Boustead Management Services Sdn Bh
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Directors - Boustead Holdings Berhad

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