Bina Darulaman Berhad (“BDB”) has recorded a full-year Profit Before Tax (PBT) of RM8.0 million for the financial year ended 31 December 2021 (FY2021) from a pretax profit of RM8.53 million.
In a statement, it said that Its pre-tax profit was achieved amidst the challenging operating environment as a result of the Covid-19 pandemic and the subsequent nationwide lockdowns.
It said that the revenue for the year was RM210.62 million, a decrease of 4.08% from FY2020’s RM219.56 million due to the strict containment measures mandated under the National Recovery Plan (NRP) imposed in 2021.
It said tat BDB’s Engineering, Construction, and Quarry (“ECQ”) Division posted lower revenue of RM109.2 million compared to RM115.0 million in FY2020. The division recorded a lower PBT of RM4.3 million in FY2021 compared to RM11.4 million in FY2020 due to higher operating and administrative costs.
It said that the fall in ECQ’s revenue and PBT can be attributed to strict containment measures under the NRP which dampened contruction activities in 2021, particularly in Kedah. In fact, Kedah experienced the longest period under the lockdown more than any other state which had a detrimental effect on the Group’s core business activities. Kedah was the last state to enter the NRP’s Phase 4 which allowed for the resumption of business activities.
Mohd Iskandar Dzulkarnain Ramli, BDB’s Chief Corporate Officer, said: “BDB’s ongoing profitability in FY2021 was made possible as a result of the Group’s unwavering focus and pursuit with regards to enhancing BDB Core Business towards the resilient foundation, maximising operational efficiencies, staff welfare, and enhanced manpower utilisation and financial restructuring.”
“Moving ahead in 2022, with sizeable projects in hand, we will continue to implement and embed these measures into the Group in order to enhance BDB’s core businesses, improve financial sustainability, embrace digital transformation and carve out new revenue streams.”
