GuocoLand : Announcement of results for the 1st quarter ended 30 September 2021 by GuocoLand Limited's subsidiary, GuocoLand (Malaysia) Berhad

Quarterly rpt on consolidated results for the financial period ended 30 Sep 2021

GUOCOLAND (MALAYSIA) BERHAD

Financial Year End	30 Jun 2022
Quarter	1 Qtr
Quarterly report for the financial	30 Sep 2021
period ended
The figures	have not been audited

Attachments

Q1 2022 Results.pdf

481.0 kB

Default Currency Other Currency

Currency: Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION

30 Sep 2021

		INDIVIDUAL PERIOD	CUMULATIVE PERIOD
		CURRENT	PRECEDING YEAR	CURRENT	PRECEDING
		YEAR	CORRESPONDING	YEAR TO	YEAR
		QUARTER	QUARTER	DATE	CORRESPONDING
					PERIOD
		30 Sep 2021	30 Sep 2020	30 Sep 2021	30 Sep 2020
		$$'000	$$'000	$$'000	$$'000
1	Revenue	35,129	90,932	35,129	90,932
2	Profit/(loss) before	-7,665	5,250	-7,665	5,250
	tax
3	Profit/(loss) for the	-7,813	9,369	-7,813	9,369
	period
4	Profit/(loss)	-7,981	8,552	-7,981	8,552
	attributable to
	ordinary equity
	holders of the
	parent
5	Basic	-1.19	1.28	-1.19	1.28
	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		1.9343		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	11 Nov 2021
Category	Financial Results
Reference Number	FRA-11112021-00004

QUARTERLY REPORT ON CONSOLIDATED RESULTS FOR THE FIRST QUARTER ENDED 30 SEPTEMBER 2021

The figures have not been audited

CONDENSED CONSOLIDATED INCOME STATEMENT

FOR THE FINANCIAL PERIOD ENDED 30 SEPTEMBER 2021

	Period-to-date ended
	30.09.2021	30.09.2020
	RM'000	RM'000
Revenue	35,129	90,932
Cost of sales	(26,993)	(66,627)
Gross profit	8,136	24,305
Selling and marketing expenses	(435)	(1,162)
Administrative expenses	(13,165)	(13,890)
Other net operating income	1,348	2,292
(Loss)/Profit from operations	(4,116)	11,545
Finance income	195	810
Finance costs	(6,242)	(9,154)
Share of results of associates and joint ventures	2,498	2,049
(Loss)/Profit before tax	(7,665)	5,250
Income tax	(148)	4,119
(Loss)/Profit for the period	(7,813)	9,369
(Loss)/Profit attributable to:
Owners of the parent	(7,981)	8,552
Non-controlling interests	168	817
(Loss)/Profit for the period	(7,813)	9,369
(Loss)/Profit per share attributable to owners of the parent:
a) Basic (sen)	(1.191)	1.277
b) Diluted (sen)	(1.191)	1.277

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.

GLM/1

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

QUARTERLY REPORT ON CONSOLIDATED RESULTS FOR THE FIRST QUARTER ENDED 30 SEPTEMBER 2021

The figures have not been audited

CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME FOR THE FINANCIAL PERIOD ENDED 30 SEPTEMBER 2021 (cont'd)

	Period-to-date ended
	30.09.2021	30.09.2020
	RM'000	RM'000
(Loss)/Profit for the period	(7,813)	9,369
Total comprehensive loss for the period	(7,813)	9,369
Total comprehensive (loss)/income attributable to:
Owners of the parent	(7,981)	8,552
Non-controlling interests	168	817
Total comprehensive loss for the period	(7,813)	9,369

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 FIRST QUARTER ENDED 30 SEPTEMBER 2021

The figures have not been audited

CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS AT 30 SEPTEMBER 2021

	Unaudited	Audited
	As at	As at
	30.09.2021	30.06.2021
	RM'000	RM'000
Non-current assets
Property, plant and equipment	322,880	322,994
Right-of-use assets	2,320	2,660
Investment properties	274,063	274,063
Land held for property development	150,823	150,823
Investments in associates	192,390	192,741
Investments in joint ventures	125,810	124,794
Goodwill	4,816	4,816
Deferred tax assets	19,215	18,474
	1,092,317	1,091,365
Current assets
Inventories	790,468	798,179
Biological assets	327	135
Trade and other receivables	46,221	40,583
Contract assets	187,865	164,478
Contract cost assets	62,400	62,273
Other current assets	4,606	4,425
Tax recoverable	3,580	2,436
Other investments	114,252	119,387
Cash and cash equivalents	60,545	88,518
	1,270,264	1,280,414
TOTAL ASSETS	2,362,581	2,371,779

GLM/3