13 LEADERSHIP MANAGEMENT DISCUSSION AND ANALYSIS ENRA Group Berhad concludes the financial year ending 31 March 2024 by continuing to grow and streamline its existing businesses. FINANCIAL SNAPSHOT FOR THE YEAR UNDER REVIEW FYE 2023 RM mil Change % FYE 2024 RM mil Remarks Revenue 30.47 1.94 31.06 Energy Logistics 23.66 7.48 25.43 Property Development 5.61 (18.36) 4.58 MRO Services 1.20 (13.33) 1.04 Gross Profit/(Loss) (1.91) 92.15 0.15 Energy Logistics (2.63) 107.85 0.54 • One-off settlement of USD3.35 million by ESPM to PT CMS in FYE 2023. • End of Myanmar contract in November 2023. Property Development 0.59 (196.61) (0.57) • Ongoing sales and construction of Taman Vista Impian project in Dengkil. • LAD charges for Telok Panglima Garang incurred in March 2024. MRO Services 0.13 38.46 0.18 PATAMI/(LATAMI) (25.46) n.m. (14.88) ROE (29.2%) n.m. (22.75%) ROA (16.6%) n.m. (9.8%) KEY HIGHLIGHTS FOR THE YEAR i. Completion of Ratu ENRA’s GPM FSO contract in November 2023 - Ratu ENRA now undergoing a scheduled periodical Dry Dock and Special Survey before continuing operations; ii. First full year of operations for new MRO Services division; iii. Maiden Malay-reserved development project at Taman Iram Perdana, Telok Panglima Garang completed vacant possession and delivered 100% of its units; and iv. Commenced Taman Vista Impian development in Dengkil which is expected to complete in the next financial year.
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