Integrated Annual Report 2023 2 3 4 5 6 7 8 9 1 95 ASSET CONSULTANCY BUSINESS REVIEW Business Review 2023 2022 : 99.8 2022 : 1.8 2021 : 82.7 2021 : (19.4) Revenue (RM million) Profit Before Tax and Zakat (RM million) 2021 2021 2022 2022 2023 2023 2023 89.4 2023 2.3 FINANCIAL PERFORMANCE In 2023, the infrastructure sector faced continued challenges due to uncertain global economic conditions, resulting in revisions and delays in many planned projects. Despite these challenges, our dedicated and resilient workforce have worked hard to overcome the challenges and seized the opportunities to deliver a strong performance. For the financial year ended 31 December 2023, Opus revenue of RM89.4 million, was 10.4% lower than the financial year ended 31 December 2022 revenue of RM99.8 million. This was largely due to unmaterialised projects arising from revisions or delays in unsecured infrastructure projects. Despite the lower revenue, Opus reported a higher profit before tax and Zakat of RM2.3 million, an increase of 27.8% from RM1.8 million mainly due to our focus on various strategic initiatives, including cost optimisations and enhancing operational excellence to improve the bottom line for longterm sustainable and resilient business growth.
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