Aneka Jaringan leverages order book for growth

Aneka Jaringan managing director Pang Tse Fui

KUALA LUMPUR: Aneka Jaringan Holdings Bhd will capitalise on its current order book of RM233.16mil as of Feb 29, 2024, prioritising the timely completion of ongoing projects to maintain its momentum moving forward, according to managing director Pang Tse Fui.

The basement and foundation construction specialist posted a net profit of RM121,000 in the second quarter ended Feb 29 compared with a net loss of RM5.1mil a year ago.

Its revenue rose 26% to RM54.2mil against RM42.9mil a year earlier. Its earnings per share stood at 0.02 sen against a loss per share of 0.87 sen a year prior.

It said the growth reflects its effective execution of projects and strategic initiatives, as well as the positive recovery in the construction industry.

Aneka Jaringan remains optimistic about the prospects of its construction and renewable energy segment, where PT. Aneka Jaringan Energy (PTAJE), secured its first EPCC project worth RM0.48 million in 2Q24.

Nonetheless, the recent contract win for the Kingswoodz Bukit Jalil project from Binastra Builders Sdn Bhd further strengthens the group’s position in the construction industry, with a total contract sum of RM16.0mil, secured by the group in March 2024.

“We are particularly pleased with the positive performance of our construction operations and the significant milestone achieved by PT. Aneka Jaringan Energy. As we move forward, we remain committed to delivering value to our stakeholders and driving sustainable growth,” Pang said in a statement.

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Aneka Jaringan , construction , order book


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