TA Enterprise Berhad reported unaudited consolidated earnings results for the first quarter ended March 31, 2018. For the quarter, the company reported revenue of MYR 1,050,358,000 compared to MYR 256,528,000 a year ago. Operating profit was MYR 322,365,000 compared to MYR 124,509,000 a year ago. Profit before tax was MYR 320,916,000 compared to MYR 106,507,000 a year ago. Profit for the year was MYR 219,837,000 compared to MYR 102,349,000 a year ago. Profit attributable to owners of the company was MYR 128,608,000 compared to MYR 79,175,000 a year ago. Earnings of 7.51 sen per basic and diluted share compared to 4.62 sen per basic and diluted share a year ago. Net cash generated from operating activities was MYR 732,831,000 compared to MYR 73,969,000 a year ago. Purchase of property, plant and equipment was MYR 6,540,000 compared to MYR 347,113,000 a year ago. Purchase of intangible assets was MYR 47,000.

For the financial year 2018, the group expects a steady recurring income and cash-flows contribution from its overseas and local property investments as most of its overseas and local investment properties are well tenanted with long tenancy terms.