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52  MSM MALAYSIA HOLDINGS BERHAD             WHO WE ARE     STATEMENT & DISCUSSION BY OUR LEADERS   HOW WE OPERATE
          ANNUAL INTEGRATED REPORT 2021

            CHAIRMAN’S

            ADDRESS















              Profit After Tax
              RM125.35

              million






              Overall Gearing Ratio
              26%










              Major Market Share
              Dominance







            Scaling New Heights                Excluding the disposal gains of MSM Perlis, MSM recorded an operational profit
                                               of RM122.48 million.  The Group recorded higher Profit Before  Tax (PBT) from
            We hit new highs in FY2021 as      continuing operations with improved margins, lower expenses and lower finance
            MSM recorded more than 100%        cost as a result of lower borrowings.  The continued focus on strengthening
            increase in net profit.  This was on     the Group’s balance sheet has yielded positive results. As of 31 December 2021,
            the back of revenue growth of      total net assets stood at RM1.71 billion whilst cash and cash equivalents at end of
            3.7%   at   RM2.26   billion  from   financial period is RM194.78 million which remain relatively in line with previous
            RM2.18 billion in FY2020, and the   year’s level of RM195.92 million. The Group’s term loans stood at RM414.12 million,
            gain from the disposal of MSM      lower compared to RM552.55 million at the end of FY2020. The term loan gearing
            Perlis Sdn Bhd of RM91.81 million.   ratio has seen improvement from 28% in FY2020 to 20% in FY2021, with overall
            The increase in revenue is attributable   gearing ratio of 26%.
            to the increase in  ASP for  Wholesale
            segment and improved premiums      The financial turnaround was balanced with improved operations in FY2021.
            for Industry and  Export segments.   MSM still holds major market share dominance domestically and accompanied by
            Overall, Profit  After  Tax (PAT) for    steady domestic and export sales throughout the year.
            the year was RM125.35 million,     The Board has declared dividends of 3.0 sen per share for FY2021 amounting
            a significant improvement  against  the   to RM21.09 million and equivalent to 17% of the FY2021 net profit of
            Loss After Tax (LAT) of RM71.23 million   RM125.35 million.
            in FY2020.


                                                      The detailed Group Financial Review is available on page 66
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