Hua Yang Berhad Reports Consolidated Unaudited Earnings Results for the Fourth Quarter and Full Year March 31, 2016; Provides Group Earnings Guidance for Year Ending March 31, 2017
May 17, 2016
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HUA YANG BERHAD reported consolidated unaudited earnings results for the fourth quarter and full year March 31, 2016. For the quarter, the company reported revenue was MYR 127,571,000 against MYR 152,115,000 reported last year. Operating profit was MYR 26,553,000 against MYR 43,049,000 reported last year. Profit before taxation was MYR 26,363,000 against MYR 42,501,000 reported last year. Profit attributable to owners of the company was MYR 21,390,000 or 8.10 sen basic per share against MYR 29,706,000 or 11.25 sen basic per share reported last year.
For the full year, the company reported revenue was MYR 575,740,000 against MYR 583,576,000 reported last year. Operating profit was MYR 145,416,000 against MYR 154,943,000 reported last year. Profit before taxation was MYR 144,770,000 against MYR 153,451,000 reported last year.
Profit attributable to owners of the company 110,122,000 or 41.71 sen basic per share against MYR 110,567,000 or 41.88 sen basic per share reported last year. Net cash flows from operating activities 165,697,000 against MYR 101,353,000 reported last year. Purchase of property, plant and equipment and intangible assets was MYR 904,000 against MYR 2,418,000 reported last year.
The Board remains cautious but positive on the Group's prospects for the financial year ending March 31, 2017.
Hua Yang Berhad is a Malaysia-based company, which is engaged in investment holding, property development and provision of management services. The Company operates through two segments: Property development and Concession assets. The Property development segment is in the business of constructing and developing residential and commercial properties. The Concession assets segment is the business of collection of rentals over the concession periods from assets held under build, operate and transfer agreements. The Companyâs projects include Linea, Aston Acacia, Sakura, Elemence, Centaurea, Bandar Universiti Seri Iskandar, Taman Pulai Hijauan, Astetica Residences, Freesia, Erica, Meritus Residensi, Aviary Residence, Puchong Horizon, Cube One South, Zeta Residence One South, Sentrio Suites, Senawang Link, Metia Retail Lots, Oasis BU 4, Oasis BU 11, Oasis 9, One South, Pedestrian Mall BUSI, Business Center 5 BUSI, Dâecolake BUSI, Ridgewood, Seri Andaman and Greenview Residence.
Hua Yang Berhad Reports Consolidated Unaudited Earnings Results for the Fourth Quarter and Full Year March 31, 2016; Provides Group Earnings Guidance for Year Ending March 31, 2017