【WIDAD 0162】（前名 IJACOBS）

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SUMMARY OF KEY FINANCIAL INFORMATION 30 Sep 2021

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Sep 2021	30 Sep 2020	30 Sep 2021	30 Sep 2020
		$$'000	$$'000	$$'000	$$'000

1	Revenue	34,254	24,946	82,560	61,907
2	Profit/(loss) before tax	6,404	2,331	11,336	6,833
3	Profit/(loss) for the period	3,440	1,481	6,169	4,500
4	Profit/(loss) attributable to ordinary equity holders of the parent	3,440	1,481	6,169	4,500
5	Basic earnings/(loss) per share (Subunit)	0.13	0.06	0.24	0.19
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.1100		0.0700

icy97

Type	Announcement
Subject	OTHERS
Description	WIDAD GROUP BERHAD ("WIDAD" OR "COMPANY")LETTER OF AWARD AND ACCEPTANCE AS CONTRACTOR FOR CONSTRUCTION AND COMPLETION OF EARTHWORKS FOR MIXED DEVELOPMENT IN LANGKASUKA, LANGKAWI
1. INTRODUCTION The Board of Directors of Widad Group Berhad (“Widad” or “Company”) is pleased to announce that its wholly-owned subsidiary, Widad Builders Sdn. Bhd (“WBSB”) has on 12 September 2022 accepted a Letter of Award and Acceptance (“LOA”) from Langkasuka Land Sdn. Bhd. (“LLSB”) appointing WBSB as the contractor for the construction and completion of earthworks for mixed development in Langkasuka, Langkawi (“the Project”). Pursuant to the LOA, the scope of works shall cover the execution and completion of the site clearance and earthworks, retaining wall, the environment protection works and any associated works which is necessary for the completion of the Project. WBSB is a wholly-owned subsidiary of Widad Business Group Sdn Bhd (“WBG”), which in turn is a substantial shareholder and parent company of Widad. WBSB is principally involved in construction and integrated facilities management activities. 2. VALUE AND DURATION OF THE CONTRACT, LIQUIDATED AND ASCERTAIN DAMAGES   The total contract value of the Project shall be based on a sum value of RM40,000,000.00 only and the contract period shall be as follows. Contract period                            :           Ten (10) months Date of possession of site           :           22 September 2022 Date of completion                      :           22 July 2023 Should WBSB fail to complete the Project by the agreed time period or any extended time granted, the amount of RM3,000.00 per day as liquidated and ascertained damages for the period during which the Project remain incomplete shall be imposed. 3. FINANCIAL EFFECTS The Project will not have any impact on the issued share capital and substantial shareholders’ shareholdings of Widad and is expected to contribute positively to the earnings and net assets of Widad and its group of companies (“Widad Group” or the “Group”) over the duration of the Project. The Project is expected to be funded via internally generated funds and external borrowings. 4. RISK FACTORS The Project is subjected to normal construction risk of materials price fluctuation and subcontractors’ performance. However, based on past experiences and expertise in undertaking construction projects, the risks could be mitigated. 5. APPROVAL REQUIRED The Project does not require approval from the shareholders of Widad or other relevant authorities. 6. DIRECTORS’ AND MAJOR SHAREHOLDERS’ INTEREST None of the directors, major shareholders of Widad and/or persons connected with them have any interest, whether direct or indirect, in the Project. 7. STATEMENT BY DIRECTORS The Board of Directors of Widad is of the opinion that the Project is in the best interests of Widad Group. This announcement is dated 12 September 2022.