Kuala Lumpur: Basement and foundation construction specialist, Aneka Jaringan Holdings Bhd recorded a solid financial performance for the first quarter ended November 30, 2024 (Q1’25).
The group achieved revenue of RM79.47 million, representing a 35.19% increase from RM58.78 million in the same period last year (Q1’24).
The group’s profitability has also seen a significant improvement, with profit after tax (PAT) increasing to RM2.33 million from RM1.39 million in Q1’24, representing an increase of 68.52%.
Group other income for Q1’25 was RM1.90 million. The group also managed administrative expenses of RM3.23 million and finance costs of RM0.93 million during the period. Additionally, tax expense for the quarter was RM0.14 million, mainly linked to the group’s Indonesian operations through PT. Aneka Jaringan Indonesia and PT. Aneka Jaringan Energy.
Pang Tse Fui, Managing Director of Anneka Jaringan, said, “Our excellent start to FY2015 is testament to our strategic focus on core competencies and our ability to adapt to market demands. The successful implementation of our projects and the receipt of new contracts have positioned us well for continued growth. We are optimistic about the continued growth of the construction sector and our place within it.”
The group’s order book of RM217.43 million as of Q1’25 is supported by newly secured projects worth RM55.99 million. Looking ahead, the group remains cautiously optimistic.
