Financial Analysis

1466 words - 6 pages

Assignment 2: INDIVIDUAL
You are required to choose a company listed on Bursa Malaysia. It is important that you
have access to the last two years (2012 & 2013).
1. Based on the company you have selected, write a brief introduction on the business
including historical background, nature of business, financial performance and the
industry in general.
2. Based on the latest financial statements of the company identify and explain the
amount of financing sources the company have from the short term, intermediate
and long term financing. Compare each of the financing sources to the company’s
total amount of financing.
3. Based on your answers in Part 2 and the company’s financing ...view middle of the document...

These 6 core divisions
have improved their performances in terms of revenue generation and contribution to
the profit of the PROTASCO Group.

FINANCIAL PERFORMANCE
For the financial year ended 31 December 2013, the Group achieved revenue of
RM969.7 million as compared to RM792.0 million in 2012, representing an increase of
22.4%. For the record, year 2013’s turnover is the highest ever recorded by the
PROTASCO Group. This was achieved by improved turnover in all six (6) divisions within
the Group.
Profit after taxation and non-controlling interests improved by 28.6% from RM37.5
million in 2012 to RM48.2 million at year 2013. The result at year 2013 is the best ever
achieved by PROTASCO since its listing in 2003. In recognition of the performance for
the year, the Board now recommends a final dividend in respect of the financial year
ended 31 December 2013 of six (6) sen per share, amounting to approximately RM20.0
million, subject to shareholders’ approval. Coupled with the interim dividend of four (4)
sen per share paid in January year 2013, the total dividend is ten (10) sen per share.
REVIEW OF OPERATIONS
Maintenance Division remains the highest contributor to the revenue of the Group.
During the financial year under review, this division recorded a turnover of RM545.8
million, an improvement of 14% over the preceding year. Pre-tax profit, however,
declined by 22%. This is mainly due to higher margin achieved in 2012 for the revised
rates for periodic maintenance at the end of 2012, where costs have already been taken
up in previous years.
Construction Division posted revenue of RM140.0 million in 2013, an improvement of
43% over the preceding year. This division made a turnaround from pre-tax loss of
RM14.2 million to pre-tax profit of RM0.9 million. This is mainly attributable to the
commencement of new road projects secured during the year.
Property Development Division contributed RM34.8 million and RM6.0 million in
revenue and pre-tax profit respectively. The launch of De Centrum Phase 1 in late 2012,
an integrated development comprising shops, shopping mall, SOHO and service
apartments, received overwhelming response. This has contributed to the improved
revenue and pre-tax profit. With unbilled sales of RM122.6 million as at 31 December
2013, the De Centrum Phase 1 will contribute positively in the year 2014.
The Engineering and Consultancy Services Division registered a turnover of RM62.8
million as compared to RM58.6 million in the preceding year, a turnaround from pre-tax
loss of RM608,000 to pre-tax profit of RM10.6 million. This is mainly attributable to
geotechnical and pavement evaluation works secured during the financial year.
Education Division, which operates the Infrastructure University Kuala Lumpur (IUKL),
continued to contribute to the profitability of the Group. This division achieved a pre-tax
profit of RM3.1 million, backed by a revenue of RM49.7 million. For the financial year...

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