PETALING JAYA: Sunway Construction Group Bhd
(SunCon) is optimistic of registering positive growth for the financial year ending 2025, based on our existing order book.
In a filing with Bursa Malaysia, the construction firm said its outstanding order book now stands at RM5.83bil, with RM4.22bil in new orders secured up to December 2024.
“For 2025, we have set a target order for replenishment ranging from RM4.5bil to RM6bil.”
For the fourth quarter ended Dec 31, 2024 (4Q24), SunCon’s net profit rose to RM69.17mil from RM49.27mil in the previous corresponding period, while revenue grew to RM1.4bil from RM871.5mil a year earlier.
SunCon said the increase in revenue and profitability was attributed to the construction segment.
“The construction segment reported revenue of RM1.35bil and pre-tax profit of RM107.2mil compared to revenue of RM785.8mil and pre-tax profit of RM53mil in the corresponding quarter of the preceding financial year.
“The higher turnover in the current quarter is driven by the accelerated progress in the Rapid Transit System link project and several data centre projects, which also contributed to an increase in pre-tax profit,” said the company.
For the financial year ended Dec 31, 2024, SunCon’s net profit grew to RM186.91mil from RM145.11mil in the previous corresponding period, while revenue rose to RM3.5bil from RM2.67bil a year earlier.
Domestically, SunCon said it has strategically shifted its focus towards Advanced Technology Facilities (ATF), with a particular emphasis on data centre projects.
“The group is currently managing five data centre projects for major multinational clients, and continues to actively pursue additional opportunities within the data centre space.
“Recent developments, such as the US artificial intelligence (AI) chip export restriction and the emergence of new AI technology players like Deepseek, have introduced uncertainties in global technology markets.”
Beyond ATF projects, SunCon said it continues to support its parent company, Sunway Bhd, both through external project tenders and a robust pipeline of in-house projects, particularly those involving special-purpose buildings.
“The group also remains optimistic about government-led initiatives outlined in the Federal Budget 2025, such as the Penang LRT and the Penang International Airport expansion.”
