A Comeback Story for OCR Group Berhad (7071)

In Q4 FY2024, the company bounced back into profitability, recording a profit before tax of RM3.79 million, a huge improvement from the loss of RM19.95 million in the same quarter last year. This shift shows that OCR’s effective cost management and asset optimization strategies are paying off.

While revenue came in at RM3.98 million, lower than the previous year due to the completion of key construction projects, the company has been able to capitalize on fair value gains from investment properties worth RM11.37 million. By keeping expenses in check and focusing on high-value assets, OCR has managed to strengthen its bottom line and set itself up for a more sustainable future.

On the financial front, things are looking stable. Total assets have grown to RM680.2 million from RM629.97 million, and the company’s cash position has improved to RM29.9 million, boosted by a successful rights issue that raised RM46.77 million. While liabilities remain at RM380.9 million, OCR is actively managing its debts, ensuring that its finances remain solid as it moves forward.

Looking ahead, there’s a lot to be excited about. OCR has an impressive RM2 billion Gross Development Value (GDV) pipeline in Klang Valley and Kuantan, putting it in a strong position to meet market demand for modern and sustainable properties. With its focus on efficiency and smart financial planning, OCR is well-positioned for steady earnings growth in the coming quarters.

With profitability back on track and a promising growth strategy in place, OCR Group Berhad is shaping up to be an interesting investment opportunity in Malaysia’s property sector. As the company continues to fine-tune its operations and roll out new projects, the future looks bright for sustained growth and value creation.

$OCR / 7071 (OCR GROUP BERHAD)