KUALA LUMPUR: MN Holdings Bhd
’s order book of RM665.3mil as of Feb 20 is expected to provide strong earnings visibility for the next two to three financial years.
The infrastructure utilities construction and engineering solutions specialist said it remained well-positioned to capitalise on Malaysia’s ongoing infrastructure development and energy transition, particularly in renewable energy, data centres, and water utilities.
"The growth momentum from our underground utilities and substation engineering projects reflects our execution capabilities and the strength of our order book.
“With increasing investments in infrastructure and power distribution, we remain optimistic about our ability to drive long-term and sustainable earnings growth,” managing director Datuk Clement Toh said in a statement.
In the second quarter ended Dec 31, MN Holdings’ net profit more than tripled to RM12.6mil from RM3.9mil in the same quarter last year.
The higher profitability was boosted by improved margins from higher-value projects, despite slightly higher administrative expenses and impairment provisions.
Its revenue jumped 67.5% to RM125.5mil from RM74.9mil while earnings per share rose to 2.59 sen versus 0.94 sen.
For the first six months, its net profit more than doubled to RM19.7mil, while revenue surged 75.7% year-on-year to RM228.6mil.
