Kerjaya Prospek records higher net profit of RM35.57mil in 3Q, declares 2c div/share

KUALA LUMPUR: Kerjaya Prospek Group Bhd will continue to bank on its construction segment to be its main revenue driver, underpinned by a RM4.7bil outstanding order book (as at end-Sept 2023) for construction contracts.

The group said while it has plans to expand its construction business, its manufacturing semgent will complement its core business while the property development segment has plans to launch another project in the first quarter of 2024 following the launching of The Vue @ Monterez.

"For the final quarter of Year 2023, the group will continue to monitor and implement appropriate business strategies in a timely manner to address the challenges, such as the volatility of the ringgit, shortage of skilled manpower and rising labour costs, etc," it said in a stock exchange filing.

In the third quarter ended Sept 30, 2023, Kerjaya Prospek posted a net profit of RM35.57mil, up from RM28.81mil in the same quarter in 2022.

Basic earnings per share rose to 2.82 sen from 2.28 sen in 3QFY22.

The group reported revenue of RM362.23mil, an improvement from RM259.4mil in the previous corresponding quarter.

The board of directors declared an interim dividend of two sen per share to be paid on Jan 12, 2024, for shareholders on the record of depositors on Dec 15, 2023.

For the nine months period, the group's net profit rose to RM96.55mil from RM86.2mil in 9MFY22while revenue climbed to RM968.75mil from RM836.91mil.

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