Bina Darulaman’s revenue for the year was RM210.62 million, a decrease of 4.08% from FY2020’s RM219.56 million. The decrease in revenue was due to the strict containment measures mandated under the National Recovery Plan (NRP) imposed in 2021.
Their full-year Profit Before Tax (PBT) is stood at RM8.0 million for the financial year ended 31 December 2021 (FY2021). PBT decreased by 5.54% from the previous year’s (FY2020) PBT of RM8.53 million.
The group’s property arm posted slightly lower revenue of RM100.2 million compared to RM102.7 million in FY2020. The decrease in revenue was contributed by lesser sale of completed units compared to 2020.
However, the division recorded higher PBT of RM6.9 million for FY2021 compared to the PBT of RM2.6 million in FY 2020 due to the change of the Group’s Leisure business model.
Bina Darulaman’s Engineering, Construction and Quarry (ECQ) arm also posted lower revenue of RM109.2 million compared to RM115.0 million in FY2020. The division recorded lower PBT of RM4.3 million in FY2021 compared to RM11.4 million in FY2020 due to higher operating and administrative costs.
“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,” Mohd Iskandar Dzulkarnain Ramli, Chief Corporate Officer of Bina Darulaman said.
“These measures will ensure the Group realigns its business amd operational structure, sharpens productivity and strengthens capital efficiency, thereby reinforcing its ability to withstand adversity, bounce back from difficult life events and maximise opportunities in 2022,” he added.
