MN Holdings confident of prospects

PETALING JAYA: MN Holdings Bhd remains confident on the outlook of its future opportunities and growth prospects.

In a statement, the company said its order book currently totals RM447.58mil.

“These secured contracts are expected to contribute to the group’s earnings over the next two to three financial years, barring any unexpected events,” it said.

For the third quarter ended March 31, 2024, MN Holdings net profit rose to RM4.7mil from RM3.7mil in the previous corresponding period, while revenue improved to RM51.11mil from RM45.78mil a year earlier.

For the nine-month period ended March 31, 2024, MN Holdings registered its record-high revenue of RM181.2mil, an increase of 59.2% from RM113.8mil a year ago.

The double-digit growth was mainly driven by higher revenue contribution from its substation engineering segment, where revenue more than doubled to RM106.61mil from RM50.61mil.

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