HSS to pursue contemporary digital techniques to enhance its core expertise


PETALING JAYA: HSS Engineers Bhd will continue to pursue the adoption of contemporary digital techniques to enhance its core expertise.

In a filing with Bursa Malaysia, HSS said its net profit for the first quarter ended March 31, 2024, improved to RM4.42mil from RM4.23mil in the previous corresponding quarter, mainly contributed from project management and construction supervision projects.

Revenue grew to RM47.38mil from RM45.85mil a year earlier while basic earnings per share stood at 0.88 sen compared with 0.85 sen previously.

HSS said the local market contributed 96.5% of the group’s total revenue.

HSS said its unbilled order book as at March 31, 2024 stood at RM1.45bil, with the project management segment being the biggest contributor at 75%.

The company said its order book will be billed progressively over the next eight years.

Its tender book value, meanwhile, stands at approximately RM510mil.

“In line with the call by the current administration to proceed with projects announced in Budget 2024, we remain optimistic that the implementation of mega infrastructure projects as well as award of new contracts will be accelerated in 2024,” it said.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

HSS Engineers , order book , construction

   

Next In Business News

Oil eases on strong dollar, global economic news
GIP SUPPORTS MALAYSIA AIRPORTS’ JOURNEY TO GLOBAL EXCELLENCE
Asia ESG Positive Impact Consortium pledges sustainability
UMW realigns strategies to promote growth
Nvidia’s gains leave investors wondering – to cash in or buy more?
Malaysia’s competitiveness set to improve further
Genting’s plans for diversification continue to gather momentum
Winning the digital game
IJM Corp secures two construction contracts worth RM962.3mil
KAB rides data centre wave

Others Also Read