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.