Group revenue increased by RM204 million from RM3,694 million in the previous financial year (“previous year”) to RM3,898 million, following improved topline performances across all business segments. Group operating profit at RM1,224 million, is higher by RM105 million.

Power Generation revenue increased by 3% from RM2,718 million to RM2,812 million in the current year mainly due to improved contributions from the Malaysian and Egyptian power plants. The operating profit of Power Generation increased by RM199 million or 25% to RM1,003 million on the back of increased revenue, lower plant maintenance expenses, reduced corporate and business development costs totalling of RM114 million and the non-recurring RM85 million windfall profit levy which was charged in the previous year.

Gross sales proceeds from the NFO business increased to RM2,053 million from RM1,990 million due to sixteen additional draws conducted in the current year. The Gaming segment operating profit however reduced by RM41 million from RM210 million to RM169 million, due mainly to an escalation in racing totalisator expenses.

In the Leisure segment, improved attendances and higher spend in Tropical Islands together with the full year contribution from TGV Cinemas Sdn Bhd, resulted in a RM100 million increase in revenue to RM308 million and a significantly lower operating loss from RM29 million to RM8 million.
Net investment income is lower mainly due to the recognition, in the previous year, of investment gains from the disposal of the Group’s interest in Arqiva amounting to RM62 million.

Net finance costs decreased from RM501 million to RM360 million due mainly to the absence of RM141 million refinancing costs in respect of loan facilities by Port Said East Power SAE (“Port Said”) and Suez Gulf Power SAE (“Suez Gulf”) which were incurred in the previous year.

For the year under review, Group profit attributable to shareholders was higher by RM213 million from RM464 million to RM677 million. Accordingly, net earnings per share increased from 115.0 sen to 167.8 sen in the current year.