WZ Satu reports first profitable quarter since 2018

“The new management which is headed by Suhaimi Badrul Jamil, (pic) the group chief executive officer, has successfully implemented a turnaround plan with the advice and oversight from the board of directors, ” WZ Satu said.

PETALING JAYA: WZ Satu Bhd has returned to the black in its first quarter (Q1) ended March 31, posting a net profit of RM1.1mil on the back of higher revenue, after having reported twelve consecutive losses since Q3 of 2018.

In a filing with Bursa Malaysia, the company said it had posted a revenue of RM68.05mil supported by higher contributions from its civil engineering and construction (CEC), oil and gas (O&G) and manufacturing segments.