Key Points

- MMI division's revenue lowered by 18% year-on-year (y-o-y) to RM70mn due to lower material prices and lower demand during early part of financial year.                   - IWC division's revenue increased by 154% y-o-y to RM55mn enhanced by higher order book.                                                                                                            - Expansion in operating profiit margins to 21.4% from 13.5% in FY09, through greater efficiencies.                                                                                                        - Company is in a strong net cash position of RM37mn, vis-a-vis RM6mn as at end January 2009. 

On behalf of the Board of directors, Chairman Tan Sri Dato' Tan Kay Hock said, " We are delighted with our reported financial resuilts in view of the uncertain economic conditions faced by thr Group and close to 30% compounded average growth rate of the Group's net profit attributed to shareholders over the past five years. The company is well positioned to sustain growth. Expansion of manufacturing facilities is timely in capturing stronger demand both locally and overseas. We are also confident in further growing the construction orderbook in our IWC division."