Mudajaya poised for growth

Group managing director and chief executive officer James Wong Tet Foh said: “It has been a tough two years but we have managed to return to profitability with our strategic thrust towards renewable energy, tighter controls on overhead spending, as well as the initiatives we have undertaken to reduce debt and improve working capital.”

PETALING JAYA: Mudajaya Group Bhd, which recently returned to the black, is poised for growth, especially in its power segment which had bolstered the group’s profit.

In a statement following its AGM yesterday, group managing director and chief executive officer James Wong Tet Foh said: “It has been a tough two years but we have managed to return to profitability with our strategic thrust towards renewable energy, tighter controls on overhead spending, as well as the initiatives we have undertaken to reduce debt and improve working capital.”