PJSB projects after-tax profit of RM12.5mil


  • Business
  • Wednesday, 02 Jul 2003

PEMBINAAN Jayabumi (Sarawak) Bhd (PJSB), which is bound for a KLSE second board listing on Aug 20, has forecast a 40% higher profit after tax of RM12.54mil for the year ending Dec 31, 2003, compared with last year’s RM8.97mil. 

Revenue in the current year is expected to grow 11% to RM88.98mil from RM80.22mil last year. 

The company attributed the expected improvement to an anticipated increase in contribution from government contracts, and its successful diversification into the solid waste management and cleansing business.  

“In view of the substantial allocation for sewerage by the government (RM1.6bil under the 8th Malaysia Plan), the group is positioning its strategies to secure a sizeable portion of the sewerage works,’’ it said.  

The company said this in its prospectus released on Monday in conjunction with its initial public offering (IPO). 

According to last year’s sales breakdown provided in the prospectus, government projects accounted for 65% of the group’s total annual revenue while private sector contracts made up the balance.  

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3
   

Next In Business News

Human error and shaky grid spark new global-chip supply concerns
Grab’s SPAC vehicle Altimeter near record low
Singapore stocks tumble as strict virus curbs return
Foxconn sees 2Q surge on WFH boom
Ant leapfrogs banks to top China fund sale rankings
Wider vaccination and herd immunity are vital to the recovery
Oil extends loss on India Covid-19 cases, U.S. pipeline restart
Stocks rebound as Fed officials calm inflation fears, for now
Japan Q2 economic growth forecasts cut sharply on coronavirus restrictions
Subang Airport car park upgrading to complete by 3Q, 200 extra parking bays

Stories You'll Enjoy


Vouchers