14 ENRA GROUP BERHAD ANNUAL REPORT 2024 Management Discussion and Analysis (Cont’d) FINANCIAL PERFORMANCE REVENUE FYE 2023 FYE 2024 RM31.06 mil RM30.48 mil ENRA’s FYE 2024 total revenue increased by RM0.58 million which was mainly contributed by the Energy Logistics division. The Group’s LATAMI has reduced as a one-off settlement made for the arbitration by PT CMS of USD3.35 million (approximately RM10.15 million) was incurred in FYE 2023. ENERGY LOGISTICS ENERGY LOGISTICS FYE 2023 FYE 2024 RM23.66 mil RM25.43 mil RM0.54 mil RM3.01 mil RM2.63 mil RM15.23 mil Revenue Gross Pro t/(Loss) PBT/(LBT) The Energy Logistics division’s main business is the provision of storage and transportation products and services encompassing FSOs/tankers, shipping services, and SPM solutions. This division generated RM25.43 million of revenue and RM0.54 million of gross profit for FYE 2024, mainly due to the completion of the GPM FSO contract in November 2023 followed by Ratu ENRA’s periodical special survey and dry dock in the remaining months of FYE 2024. PATAMI/(LATAMI) FYE 2023 FYE 2024 RM14.88 mil RM25.46 mil
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