The total land bank of approximately 258 hectares (639 acres) in the Klang Valley and Sungai Petani, Kedah, as well as a total Gross Development Value (GDV) of at least RM2.94 billion and an outstanding order book of RM540 million, provides the company with steady earnings visibility for the property development units.
Meanwhile, its 51 per cent-owned PNG Water, which has been contributing a stable recurring income at an average of RM12 million annually, will continue to be a boon in bolstering its earning base.
Taking into consideration the water concession which is not due to expire until 2019, its annual growth is steady but gradual, and foresees this trend continuing up till the concession expires.
Meanwhile, its 51 per cent-owned PNG Water, which has been contributing a stable recurring income at an average of RM12 million annually, will continue to be a boon in bolstering its earning base.
Taking into consideration the water concession which is not due to expire until 2019, its annual growth is steady but gradual, and foresees this trend continuing up till the concession expires.
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