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The numerous restrictions imposed by the Government to control the spread of the Covid-19 had impacted
construction progress of all projects due to temporary sites closures. The decrease in revenue has resulted
in the Group’s PBT to drop from RM8.53 million in the preceding quarter to RM0.58 million in the current
quarter under review. Performance of the Group is expected to improve when construction work at sites
resumes and relaxation of the movement controls under the National Recover
At the same time, JCY has commenced a major re-alignment of its customer base.
JCY has committed a significant amount of capital and resources for this new customer and are ramping up production for certain components, including a new range of products.
“The management is fully dedicated to achieving these targets, which will have a countervailing positive impact on JCY’s financial results for the current financial year and beyond,” it said.
