Binastra Corp managing director Datuk Jackson Tan Kak Seng
KUALA LUMPUR: Binastra Corp Bhd's RM3.3bil order book across 21 projects will ensure earnings visibility for the next four years.
“With 11 new contracts worth a total of RM2.5bil secured in the financial year 2025, our outstanding order book now stands at RM3.3bil across 21 ongoing projects, providing earnings visibility for the group over the next 4 financial years,” managing director Datuk Jackson Tan Kak Seng said in a statement.
In the second quarter ended July 31, Binastra’s net profit surged to RM22.8mil, or earnings per share of 2.57 sen compared with RM8.4mil, or 2.20 sen posted in the same corresponding quarter last year.
Revenue for the quarter jumped to RM230.9mil against RM88.7mil.
Binastra said the robust performance was primarily driven by higher construction work activities and the commencement of five new projects during the period.
For the first six months (1H25), it posted a net profit of RM40.9mil, up 189% from RM14.1mil while revenue rose to RM410.5mil compared with RM148.9mil a year ago.
