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Annual Report
2018
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Chairman's Message

Dear Shareholders,
On behalf of the Board of Directors of Bertam Alliance Berhad, I am pleased to present to you the Annual Report and Audited Financial Statement of the Company and Group for the financial year ended 31 December 2015.


Financial Performance
For the financial year under review, the Group has registered higher revenue of RM127.20 million against RM40.14 million achieved in 2014. Profit before tax was RM16.84 million in 2015 which was higher than the RM2.00 million recorded in 2014. The improvement in the bottom line was mainly due to contribution from property development and a sale of land for RM63.5 million.

Dividend
Your Board of Directors did not propose a dividend for the year under review as much working capital is reserved for acquisition of development land and the undertakings of new projects in the coming months to continue to sustain the profitability of the Group.

Corporate Governance
The Board remains committed to the Group practice of corporate governance to ensure proper accountability, transparency and the protection of shareholders’ value and stakeholders’ interests. Our Corporate Governance Statement is found in the later pages of this annual report and can be viewed on our website.

Corporate Social Responsibilities
We acknowledge our responsibility for reducing the impact that our activities may have on the environment. We also affirm our continued commitment to ensure our employees are within a safe environment while carrying out our business activities and to ensure the preservation of the environment as part of our corporate social responsibility. On behalf of the Board of Directors of Bertam Alliance Berhad, I am pleased to present to you the Annual Report and Audited Financial Statement of the Company and Group for the financial year ended 31 December 2015.

Moving Forward in 2016
As we move into 2016, we look forward to better economic environment than that of 2015 which was besieged by the falling Ringgit and rising costs.

The development of the LRT/MRT lines which enhances connectivity to Greater Klang Valley including Seremban, Rawang and Klang will bode well for the residential and commercial property market.

Malaysia generally has a young population where 80% of the population Malaysians are below the age of 50 which means the demand for houses is only going to increase as more young adults are coming into the workforce and looking to settle down.

2016 appears relatively promising for the average Malaysian and quite a few would now be shaking off the “wait and see” stance adopted last year. Moreover, the substantially weakened Ringgit will see many foreign investors utilizing the opportunity of the higher exchange rate to pick up residential and commercial properties.

Despite the current business climate, the Board is confident that the Group will continue to maintain profitable results in the financial year 2016.

Acknowledgement
On behalf of the Board of Directors, I would like to express our sincere appreciation and gratitude to our customers, shareholders, contractors, consultants, suppliers, financial institutions and regulatory authorities for their continued support, guidance and assistance extended to the Group. Our sincere appreciation also goes to our Management team and Staff for their dedication and contribution to the Group.

Our sincere appreciation also goes to our Management team and Staff for their dedication and contribution to the Group.

 

Datuk Mohamed Arsad bin Sehan
Chairman

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