KAB committed to sustainability initiatives

PETALING JAYA: Kinergy Advancement Bhd (KAB) (Formerly known as Kejuruteraan Asastera Bhd) remains committed in providing businesses with sustainable, green and clean energy engineering solutions for businesses regionally.

For the second quarter ended June 30, 2023 (2Q23), the one-stop energy and engineering solutions provider’s revenue rose by 5.7% year-on-year (y-o-y) to RM45.1mil, underpinned by higher contribution from sustainable energy solutions (SES) projects.

Net profit surged by 417.3% y-o-y to RM3.4mil from RM648,000 in 2Q22 or an earnings per share of 0.19 sen due to the SES project achieving partial completion for the current project.