Boustead Registers RM42.6 Million In 2Q21

  • Boustead Holdings Bhd achieved a Profit After Taxation and Zakat (PAT) at RM42.6 million against a Loss After Taxation and Zakat (LAT) of RM66.1 million in the same quarter last year (Q2 FY2020).
  • For the Q2 FY2021, the Group achieved a Profit Before Taxation and Zakat (PBT) of RM81.2 million from a Loss Before Taxation and Zakat (LBT) of RM57.4 million in the previous corresponding quarter last year. Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) surged by 109% to RM209.1 million in contrast to RM100.1 million in Q2 FY2020 due to better results from operations.
  • The Group’s revenue in Q2 FY2021 grew to RM2.6 billion from RM1.5 billion in the previous corresponding quarter.
  • The commendable results were attributed to the improved performance from all divisions within the Group, a higher share of results from associates and joint ventures as well as recognition of a one-off gain on disposal of an investment property of RM13.1 million.

  • For the cumulative period ended 30 June 2021 (1H FY2021), Boustead’s PAT stood at RM130.0 million in contrast to a LAT of RM141.6 million for the corresponding period of the preceding year (1H FY2020).

  • PBT for 1H FY2021 was recorded at RM202.5 million, compared to a LBT of RM110.7 million in the previous year’s corresponding period. All Divisions particularly Plantation and Trading, Finance & Investment recorded overall improved performance and the bottom-line was further bolstered by one-off gains on a disposal of a hotel at RM84.6 million and an investment property as mentioned above.

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