HE Group Bhd managing director Haw Chee Seng
PETALING JAYA: Electrical engineering service provider, HE Group Bhd
(HEG) is confident of sustaining its growth momentum in the coming financial year 2025 ending Dec 31 (FY25).
“Malaysia’s pro-investment policies, alongside the establishment of the Johor-Singapore Special Economic Zone, are expected to drive further expansion in the industrial sector. In line with this, we are enhancing our capabilities beyond electrical engineering to include mechanical and process utility engineering, positioning the group for long-term growth,” HEG's managing director Haw Chee Seng said in a statement yesterday.
In the fourth quarter of FY24, HEG said its revenue moderated to RM34.3mil, from RM58.9mil in the previous preceding third quarter due the completion of several power distribution systems projects.
As a result, the group said it registered lower profits after tax of RM3.4mil in the fourth quarter, from RM4.6mil in the previous third quarter.
Haw added: “HEG's results in FY24 reflect our ability to navigate industry shifts while maintaining financial resilience. Our steady growth in key segments underscores the demand for reliable engineering solutions, particularly in high-growth industries, such as semiconductor manufacturing and data centre development."
