Construction sector to spur Kerjaya Prospek

PETALING JAYA: Kerjaya Prospek Group Bhd will be focusing on its construction segment to be the main revenue driver for the group.

In a filing with Bursa Malaysia yesterday, the company said it intends to maintain its manufacturing segment to complement its core business, notwithstanding the group’s objective to expand its core business into construction.

For its third quarter ended Sept 30, 2022, Kerjaya Prospek’s net profit rose to RM28.81mil from RM24.18mil in the previous corresponding period, while revenue grew to RM259.40mil from RM222.64mil in the previous corresponding period.

Basic earnings per share stood at 2.28 sen versus 1.95 sen previously.

Kerjaya Prospek said the increase in group revenue for the quarter under review was mainly due to improvement in progress of construction work activities and profit margin.

“On the property development segment, the Vista Residence project at Genting Permai was completed in 2019 and the group made a soft launch for its The Vue @ Monterez project in June 2022.

“As of the date of this report, the property development segment has minimal contribution to the group’s results,” said the company.

Kerjaya Prospek also declared a third interim dividend of one sen per ordinary share, to be paid on Jan 6, 2023.

For the nine-month period ended Sept 30, 2022, Kerjaya Prospek’s net profit improved to RM86.20mil from RM66.57mil in the previous corresponding period, while revenue rose to RM836.91mil from RM681.21mil a year earlier.

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