Financial
Performance
The following table sets out the financial results for year ended [FYE] 31st December 2016 to 31st December 2020. The financial results FYE 2016 are made up of combined statements of comprehensive income which have been prepared for illustrative purposes only.
| Financial Period / Year Ended | 2020 31-Dec |
2019 31-Dec |
2018 31-Dec |
2017 31-Dec |
2016 31-Dec |
| No. of Months | 12 | 12 | 12 | 12 | 12 |
| Unaudited | Audited | Audited | Audited | Audited | |
| RM’000 | RM’000 | RM’000 | RM’000 | RM’000 | |
| Revenue | 968,785 | 1,056,458 | 1,105,417 | 1,015,410 | 1,058,834 |
| Cost of sales | (893,581) | (956,381) | (1,003,909) | (913,918) | (960,012) |
| Gross Profit | 75,204 | 100,077 | 101,508 | 101,492 | 98,822 |
| Other operating income | 15,319 | 8,614 | 7,752 | 9,862 | 12,030 |
| Fair value adjustment on investment properties | (51) | 650 | 5,393 | 150 | 10,571 |
| Administrative expenses, distribution expenses and other expenses | (63,710) | (56,121) | (57,407) | (57,770) | (49,913) |
| Net loss on impairment of financial instruments | – | (6,050) | (2,796) | – | – |
| Impairment on goodwill | (4,377) | – | – | – | – |
| Gain on disposal of investment in associate | 27,788 | – | – | – | – |
| Impairment on trade receivables | (8,794) | (7,036) | (3,601) | (686) | (1,144) |
| Profit From Operations | 41,379 | 40,134 | 50,849 | 53,048 | 70,367 |
| Finance costs | (19,956) | (24,682) | (22,323) | (16,207) | (16,276) |
| Profit Before Taxation (before listing expenses) | 21,423 | 15,452 | 28,526 | 36,842 | 54,091 |
| Listing expenses | – | – | – | – | (2,920) |
| Share of results of associates | 4,366 | 7,471 | 5,223 | 2,617 | – |
| Profit Before Taxation (after listing expenses) | 25,789 | 22,923 | 33,749 | 39,458 | 51,170 |
| Taxation | (8,767) | (7,621) | (9,650) | (9,846) | (9,745) |
| Profit After Taxation | 17,022 | 15,302 | 24,099 | 29,612 | 41,426 |
The financial performance should be read in conjunction with the latest Quarterly Reports, Annual Reports and Chin Hin Group Berhad’s Prospectus dated 18 February 2016.
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