PETALING JAYA: Taliworks Corp Bhd
will continue focusing on its growth strategies, prioritising investing and growing its infrastructure and utility businesses and intends to prioritise its resources for these purposes.
In a filing with Bursa Malaysia, the group said its profitability overall was driven by its water treatment and supply services as well as the highway toll segment.
For the third quarter ended Sept 30, 2024, Taliworks’ profit was higher at RM24.25mil compared to RM13.54mil a year earlier, primarily attributable to the government compensation and higher sundry income from insurance claims received by the renewable energy segment.
Meanwhile, revenue rose to RM158mil compared to RM90.7mil for the same quarter a year ago, due to higher contribution from all operating subsidiaries except for the water treatment and supply segment that saw a marginal decrease.
