The Board of Nadayu Properties Berhad announced that the company intends to seek its shareholders approval on the proposed amendments to the Articles of Association at the forthcoming Annual General Meeting of the company.

Nadayu Properties Berhad announced the appointment of Mohd Farid Bin Dato Hj. Nawawi as Chief Executive Officer, effective April 1, 2013. En Mohd Farid was Chief Risk Officer in Pengurusan Aset Air Berhad since 2010. He has been re-designated as Chief Corporate Officer with added responsibilities in 2012 until March 2013.

Nadayu Properties Berhad announced unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2012. For the quarter, the company reported revenue of MYR 65,469,000 against MYR 48,254,000 a year ago. Profit before tax was MYR 5,205,000 against loss before tax of MYR 4,445,000 a year ago. Profit and total comprehensive income for the period attributable to owners of the company was MYR 4,241,000 or 1.84 sen per basic share against loss and total comprehensive loss for the period attributable to owners of the company of MYR 5,169,000 or 2.24 sen per basic share a year ago. For the year, the company reported revenue of MYR 174,820,000 against MYR 175,767,000 a year ago. Profit before tax was MYR 11,894,000 against MYR 26,652,000 a year ago. Profit and total comprehensive income for the period attributable to owners of the company was MYR 9,663,000 or 4.20 sen per basic share against MYR 15,807,000 or 6.86 sen per basic share a year ago. Net cash used in operating activities was MYR 5,749,000 against MYR 39,464,000 a year ago. Acquisition of PPE was MYR 612,000 against MYR 2,592,000 a year ago. The Directors have recommended a final single-tier tax exempt dividend of 1 sen per ordinary share in respect of the financial year ended December 31, 2012. The dividend, if approved by the shareholders at the forthcoming Annual General Meeting shall be paid at a date to be announced later.