Construction drives SCIB’s 3Q strong financial results


SCIB group MD and CEO Rosland Othman said the group recorded notable increase in its revenue amid these challenging times. “We aim to maintain this momentum going forward with our recently signed EPCC contracts worth a combined value of RM707.24mil in Abu Dhabi, Malaysia and Indonesia.

KUALA LUMPUR: Sarawak Consolidated Industries Bhd posted a strong set of financial results in the third quarter ended Sept 30,2020 as its revenue jumped over 740% to RM183.73mil from RM21.86mil a year ago.

In its announcement on Thursday, SCIB said the revenue surge also boosted its profit before tax to RM14.32mil from only RM752,000 a year ago while its net profit jumped to RM12.43mil.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Wall St set to open higher on tech boost, PCE data
US inflation rises in line with expectations in March
Gamuda Land announces retail partners for Gamuda Gardens
YNH reaffirms bondholders with remedied technical defaults
Ringgit ends firmer against US dollar
KPJ Healthcare partners with Trustr for AI-driven healthcare solutions
Homeritz stays positive amid economic challenges
Unisem expects performance boost amid semiconductor recovery
Gadang wins RM280mil data centre contract
S P Setia unveils Casaville single-storey bungalows in Setia EcoHill, Semenyih

Others Also Read