GuocoLand : Announcement of results for the 2nd quarter and half year ended 31 December 2021 by GuocoLand Limited's subsidiary, GuocoLand (Malaysia) Berhad

Quarterly rpt on consolidated results for the financial period ended 31 Dec 2021

GUOCOLAND (MALAYSIA) BERHAD

Financial Year End	30 Jun 2022
Quarter	2 Qtr
Quarterly report for the financial	31 Dec 2021
period ended
The figures	have not been audited

Attachments

Q2 2022 Results.pdf

379.4 kB

Default Currency Other Currency

Currency: Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION

31 Dec 2021

		INDIVIDUAL PERIOD	CUMULATIVE PERIOD
		CURRENT	PRECEDING YEAR	CURRENT	PRECEDING
		YEAR	CORRESPONDING	YEAR TO	YEAR
		QUARTER	QUARTER	DATE	CORRESPONDING
					PERIOD
		31 Dec 2021	31 Dec 2020	31 Dec 2021	31 Dec 2020
		$$'000	$$'000	$$'000	$$'000
1	Revenue	105,555	91,320	140,684	182,252
2	Profit/(loss) before	8,637	5,978	972	11,228
	tax
3	Profit/(loss) for the	4,151	-10,698	-3,662	-1,329
	period
4	Profit/(loss)	3,764	-11,370	-4,217	-2,818
	attributable to
	ordinary equity
	holders of the
	parent
5	Basic	0.56	-1.70	-0.63	-0.42
	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		1.9199		1.9462
	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	24 Jan 2022
Category	Financial Results
Reference Number	FRA-24012022-00005

QUARTERLY REPORT ON CONSOLIDATED RESULTS FOR THE SECOND QUARTER ENDED 31 DECEMBER 2021

The figures have not been audited

CONDENSED CONSOLIDATED INCOME STATEMENT

FOR THE FINANCIAL PERIOD ENDED 31 DECEMBER 2021

		3 months ended		Period-to-date ended
		31.12.2021	31.12.2020	31.12.2021	31.12.2020
		RM'000	RM'000		RM'000	RM'000
Revenue	105,555	91,320	140,684	182,252
Cost of sales	(77,423)	(70,354)	(104,416)	(136,981)
Gross profit		28,132	20,966		36,268	45,271
Selling and marketing expenses	(883)	(890)	(1,318)	(2,052)
Administrative expenses	(16,801)	(14,611)	(29,966)	(28,501)
Other net operating income	1,364	1,178	2,712	3,470
Profit from operations		11,812	6,643		7,696	18,188
Finance income	452	1,034	647	1,844
Finance costs	(6,774)	(6,319)	(13,016)	(15,473)
Share of results of associates and joint ventures	3,147	4,620	5,645	6,669
Profit before tax		8,637	5,978		972	11,228
Income tax		(4,486)	(16,676)		(4,634)	(12,557)
Profit/(Loss) for the period		4,151	(10,698)		(3,662)	(1,329)
Profit/(Loss) attributable to:
Owners of the parent	3,764	(11,370)	(4,217)	(2,818)
Non-controlling interests		387	672		555	1,489
Profit/(Loss) for the period		4,151	(10,698)		(3,662)	(1,329)
Profit/(Loss) per share attributable to owners of the parent:
a) Basic (sen)	0.562	(1.697)	(0.630)	(0.421)
b) Diluted (sen)	0.562	(1.697)	(0.630)	(0.421)

The condensed consolidated statement of comprehensive income should be read in conjunction with the audited financial statements for the financial year ended 30 June 2021 and the accompanying explanatory notes attached to the interim financial statements.

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GUOCOLAND (MALAYSIA) BERHAD (192001000022 (300-K))

QUARTERLY REPORT ON CONSOLIDATED RESULTS FOR THE SECOND QUARTER ENDED 31 DECEMBER 2021

The figures have not been audited

CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME FOR THE FINANCIAL PERIOD ENDED 31 DECEMBER 2021 (cont'd)

	3 months ended		Period-to-date ended
	31.12.2021	31.12.2020	31.12.2021	31.12.2020
	RM'000	RM'000		RM'000	RM'000
Profit/(Loss) for the period	4,151	(10,698)	(3,662)	(1,329)
Other comprehensive income:
Foreign currency translation	-	-		-	-
Total comprehensive profit/(loss) for the period	4,151	(10,698)	(3,662)	(1,329)
Total comprehensive profit/(loss) attributable to:
Owners of the parent	3,764	(11,370)	(4,217)	(2,818)
Non-controlling interests	387	672		555	1,489
Total comprehensive profit/(loss) for the period	4,151	(10,698)		(3,662)	(1,329)

The condensed consolidated statement of comprehensive income should be read in conjunction with the audited financial statements for the financial year ended 30 June 2021 and the accompanying explanatory notes attached to the interim financial statements.

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GUOCOLAND (MALAYSIA) BERHAD (192001000022 (300-K))

QUARTERLY REPORT ON CONSOLIDATED RESULTS FOR THE SECOND QUARTER ENDED 31 DECEMBER 2021

The figures have not been audited

CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2021

	Unaudited		Audited
	As at		As at
	31.12.2021	30.06.2021
	RM'000		RM'000
Non-current assets
Property, plant and equipment	320,309	322,994
Right-of-use assets	8,719	2,660
Investment properties	274,063	274,063
Land held for property development	150,823	150,823
Investments in associates	193,301	192,741
Investments in joint ventures	127,100	124,794
Goodwill	4,701	4,816
Deferred tax assets	18,119		18,474
	1,097,135	1,091,365
Current assets
Inventories	807,542	798,179
Biological assets	410	135
Trade and other receivables	50,965	40,583
Contract assets	208,440	164,478
Contract cost assets	57,165	62,273
Other current assets	3,929	4,425
Tax recoverable	3,216	2,436
Other investments	-	119,387
Cash and cash equivalents	274,324		88,518
	1,405,991		1,280,414
TOTAL ASSETS	2,503,126		2,371,779

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