ENRA Group Berhad Annual Report 2024

17 LEADERSHIP Management Discussion and Analysis (Cont’d) MRO Services The division will continue to strategically promote its services and solutions to both governmental and commercial sectors. The emphasis will be on diesel power generation and propulsion equipment, covering maintenance, machining, repairs and related services across diverse sectors such as oil & gas, agriculture, marine, transportation, and others. We are diligently preparing our facilities and manpower to bid for a comprehensive maintenance and repair contract for critical propulsion systems aboard marine assets. Simultaneously, we are looking to partner with shipyards to bid for the refurbishment of aging ships, positioning ourselves to secure new shipbuilding projects. The Group is confident that the time and effort invested in building this foundation over the past year, along with the positive market response, will lead to favourable outcomes in the near future. CONCLUSION ENRA maintains a prudent approach to cost management and risk mitigation practices. By remaining diversified, we strive to create steady revenue streams across our various divisions, thereby minimising dependence on any one sector. Overall, our outlook is positive, with each division poised for growth and success. We remain committed to leveraging market conditions, enhancing our capabilities, and exploring new avenues to ensure sustained progress and stability for the Group.

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