CORPORATE SOCIAL RESPONSIBILITY

PJD Group’s Corporate Social Responsibility (CSR), is themed
“Together We Build a Brighter Future” where all employees are encouraged to contribute ideas toward developing initiatives that can benefit the Group as well as its stakeholders.

Financial Review
The Group recorded a turnover of RM591.3 million for the financial year under review, representing a decrease of 11.2% over the previous financial year's turnover of RM665.8 million.

For the financial year under review, the Group registered a pre-tax profit of RM79.9 million as against a pre-tax profit of RM74.3 million for the previous financial year. Net assets per share of the Group as at 30 June 2011 was RM1.96.

Dividend
The Board of Directors has recommended for your approval payment of a first and final dividend of 5 sen per ordinary share less income tax in respect of the financial year ended 30 June 2011.

Outlook
Developing economies in Asia continue to remain robust yet cautious with moderating domestic demand and rising inflationary pressures and with the advanced economies lagging behind. The global economy will continue to be influenced by the European debt crisis and volatile commodity prices. Malaysia will be affected by these adverse developments and her economic growth is expected to be slower in 2011 and 2012.

Faced with the global financial, political and environment disasters, we at PJD are fortunate to be aptly diversified to withstand the challenges with much resilience and forth-thought planning. Our strategy to invest wisely in more lucrative and high potential properties for capital appreciation in the period under review will auger well for the PJD property development into the next decade. Moving forward into the second decade of the new millennium, we will continue to cautiously pursue quality development lands in good locations to replenish our landbank.

The Group will remain disciplined, focused and innovative while adopting proactive measures to manage costs, enhance customer loyalty and further improve operational efficiencies and productivity. In addition, management will continue to invest in building high quality properties combined with good infrastructure and attractive landscaping to enhance the value of our developments.

The Government's Economic Transformation Program with Entry Point Projects and Initiatives and the Mass Rapid Transit project will help spur and spread the pace of development in the Klang Valley. Working congruently with the property development projects and the Government's initiatives, our Construction activities and Building Materials turnover should thrive well in the next financial year.

Our Cables operations venture into Vietnam has shown some improvements. We anticipate better revenue from this overseas branch as plans for more aggressive market penetration into Cambodia and neighbouring countries are being put in place. Locally, diversification into oil and gas sectors, innovative sales strategies and production capability upgrades in our Melaka factory will certainly play a vital role in improving productivity and hence profitability in this Division.

Malaysia is recognised globally as a leading tourism destination and was listed as one of the top ten countries for 'Best in Travel 2010' and one of the 'Best-Value Destination for 2010' by the Lonely Planet. We are optimistic that the upward trend will continue for 2011 and Malaysia will achieve its projected tourist arrival of 26 million, benefiting our synergistic Hotels & Leisure Divisions with good sales volume.

The PJD Board of Directors and Management will continue to put their best foot forward as done in the past and place our valued shareholders' interest and value foremost in the manner we do things in the Group.

Acknowledgement
On behalf of the Board, I would like to express my appreciation and thanks to the Management and staff for their commendable efforts and contributions in achieving the results for the Group.

Our appreciation and thanks also to our shareholders, customers, business associates, bankers and the relevant Authorities for their confidence and support.

We also wish to extend a warm welcome to Mr Loy Tuan Bee who joined the Board as a Independent Non- Executive Director on 18 November 2010 and Mr Ong Ju Xing as an Executive Director on 3 October 2011.