“With RM1.2bil projects secured, the company is confident in its ability to raise the required capital," it said, referring to the the hydropower energy generating facilities in Laos.
KUALA LUMPUR: Kumpulan Powernet Bhd’s net profit jumped 216% to RM7.31mil in the fourth quarter ended June 30 from RM2.31mil a year ago, boosted by strong revenue from its new construction-related division.
It announced on Friday its revenue climbed 230% to RM39.36mil from RM11.94mil. Earnings per share were 9.23 sen compared with 3.04 sen.
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