Fajarbaru makes strong leap into profitability

Fajarbaru Group executive chairman Tan Sri Chan Kong Choy

PETALING JAYA: Fajarbaru Builder Group Bhd reported its strongest net profit in seven years as it staged a turnaround on the back of higher contribution from its high-rise residential project in Kinrara, Kuala Lumpur.

Full-year net profit for the financial year ended June 30, 2024 (FY24) surged to RM54.01mil from a net loss of RM14.45mil a year earlier.