[MITRAJAYA HOLDINGS BHD，南非投资的收入贡献将减少，建筑材料和人工成本不断上升]

截至2018年3月31日止的第一季度，美得再也的收入由去年同季的2.9143亿令吉减少2637万令吉（9.0％）至2.6506亿令吉。相应地，美得再也的税前利润从3766万令吉大幅减少1,412万令吉（37.5％）至2,354万令吉。本季度的利润率已降至8.9％，而去年同期则为12.9％。这主要是由于建筑部门的利润贡献减少。

施工：
建筑部门的收入从去年同期的2.4576亿令吉减少了2047万令吉（8.3％）至2.2529亿令吉。税前利润从1,966万令吉大幅减少了1,020万令吉（51.9％）至946万令吉。

当前第一季度的税前利润率已降至4.2％，而去年同期则为8.0％。减少的原因是，与过去两年完成的项目相比，目前正在进行的项目的利润率较低，这主要是由于一些建筑材料和人工成本不断上升所致。

物业发展：
房地产开发部门在2018年第一季度的收入为3745万令吉，比去年同期的4205万令吉减少了460万令吉（10.9％）。税前利润略微减少151万令吉至1,345万令吉，而去年同期则为1,496万令吉。

南非投资：
截至2018年3月31日止的第一季度，他们在南非的物业项目收入较低，为220万令吉，较去年同期的362万令吉减少142万令吉（39.2％）。相应地，税前利润从上年同期的171万令吉减少129万令吉（75.3％）至42万令吉。

美得再也本季度的收入较上一季度的收入2.6929亿令吉轻微下跌423万令吉（1.6％）至2.6506亿令吉。相应地，美得再也的税前利润从2,413万令吉略微减少了59万令吉（2.4％）至2,354万令吉。

前景：
建筑部门将继续通过其14.7亿令吉的订单为美得再也带来可观的收入和利润。物业发展部目前的未记账销售额为1.6507亿令吉，将对美得再也2018年及2019年的贡献产生正面影响。集团预计2018年南非投资的收入贡献将减少，因为所有空置单位和22个完成的平房住宅单位已全部售罄。
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James Ng
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For the first quarter ended 31 March 2018, the Group's revenue decreased by RM26.37 million (9.0%) to RM265.06 million from RM291.43 million as reported in the preceding year's corresponding quarter. Correspondingly, the Group's profit before tax reduced substantially by RM14.12 million (37.5%) from RM37.66 million to RM23.54 million in the current quarter under review. Profit margin has reduced to 8.9% in this current quarter compared to 12.9% in the preceding year's corresponding quarter. This was mainly due to reduction in profit contribution from Construction division.

Construction:
The Construction division's revenue has decreased by RM20.47 million (8.3%) to RM225.29 million from RM245.76 million in the preceding year's corresponding quarter. The profit before tax has decreased substantially by RM10.20 million (51.9%) from RM19.66 million to RM9.46 million in the current first quarter.

The profit before tax margin has reduced to 4.2% in current first quarter as compared to 8.0% in the preceding year's corresponding quarter. The reduction is attributable to lower profit margin from the current on-going projects as compared to projects completed in the past 2 years and generally due to the escalating cost of some construction material and labour cost.

Property Development:
The Property development division has contributed lower revenue of RM37.45 million in the first quarter of 2018, a decrease of RM4.60 million(10.9%) as compared to RM42.05 million in the preceding year corresponding quarter. The profit before tax has decreased slightly by RM1.51 million to RM13.45 million as compared to RM14.96 million in the preceding year corresponding quarter.

South Africa Investment:
For the first quarter ended 31 March 2018, their property project in South Africa has contributed lower revenue of RM2.20 million, RM1.42 million(39.2%) lower as compared to RM3.62 million in the preceding year's corresponding quarter. Correspondingly, profit before tax decreased by RM1.29 million(75.3%) to RM0.42 million from RM1.71 million in the preceding year corresponding quarter.

The Group's revenue in the current quarter has decreased slightly by RM4.23 million (1.6%) to RM265.06 million from the preceding quarter's revenue of RM269.29 million. Correspondingly, the Group's profit before tax has decreased slightly by RM0.59 million (2.4%) from RM24.13 million to RM23.54 million in the current quarter.

Prospects:
The Construction division will continue to contribute significant revenue and profits to the Group on the back of its outstanding orderbook of RM1.47 billion. The current unbilled sales for Property Development division amounts to RM165.07 million and will contribute positively to the Group in 2018 and 2019. The Group expect slower revenue contribution from their investment in South Africa in 2018 as all vacant stands and 22 units completed bungalow houses are fully sold.
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James Ng