PETALING JAYA: Binastra Corp Bhd
(formerly Comintel Corp Bhd) recorded its best-ever financial performance for the fourth quarter (4Q24) and full year ended Jan 31, 2025 (FY25), underpinned by strong earnings growth and record high RM3.1bil in total new contract wins.
The company also declared a maiden interim dividend of three sen per share, payable on April 25, 2025.
In a statement, the construction company said it posted a revenue of RM270.2mil, a 73.9% increase from the previous corresponding quarter. Pre-tax profit rose 82.6% to RM37.2mil, while profit after tax and minority interests (patami) surged 63.2% to RM25.1mil, driven by improved performance of its wholly owned subsidiary, Binastra Builders Sdn Bhd, which remains the key revenue and profit contributor.
“During the quarter, Binastra secured three letters of award worth RM651.7mil, including projects for a data centre in Bukit Jalil and a sewage treatment plant redevelopment in Taman Bukit Cheras, Kuala Lumpur. This brought total new contract wins for FY25 to RM3.1bil.”
For the full year, Binastra achieved a historically high revenue of RM946.6mil, reflecting a 122.6% growth from RM425.2mil in the previous year.
“Pre-tax profit climbed to RM124.5mil, while patami grew to RM90.3mil, both more than doubled the figures recorded in the previous year.
“The robust growth was supported by intensified construction activities and the commencement of 12 new projects throughout the financial year.”
