CORPORATE INFORMATION / CHAIRMAN'S STATEMENT
On behalf of the Board of Directors of ENRA Group Berhad, I am pleased to present the Annual Report and Audited Financial Statements for the financial year ended 31 March 2021.
The COVID-19 pandemic was unforeseen and unprecedented, resulting in global lockdowns for most of 2020. Malaysia’s own lockdown was initiated at in March 2020, which coincided with only the last month of FYE 2020 but continued in various forms of intensity for most of FYE 2021. The Malaysian economy was badly affected by the lockdown. In my Chairman’s Statement last year, I shared my belief that our businesses would be able to weather the pandemic and the difficulties that would arise from it. I am pleased and proud that FYE 2021 was a year of development for ENRA and that we are in an operationally profitable position because of a key strategic decision made 6 years ago – diversifying into businesses with recurring income. Although the Property Development division was badly affected – due to delays in approvals and the inability to launch in a timely manner – the Group was not materially affected due to the contribution from the Energy Services division. There was, of course, a slowdown in customers’ orders which resulted in a drop of revenue for the year, the effect was mitigated by higher margins due to several operational improvements.
Overall, FYE 2021 was still an active year for ENRA with four key milestones achieved:
Datuk Ali bin Abdul Kadir
24 June 2021