KUALA LUMPUR: Steel Hawk Bhd
’s wholly-owned subsidiary, Steel Hawk Engineering Sdn Bhd (SHESB), has secured a contract to provide scaffolding services for EPOMS Sdn Bhd.
In a filing with Bursa Malaysia, the company said SHESB was awarded the contract on July 25, but only obtained written consent from EPOMS yesterday to release the announcement to the local stock exchange.
The contract duration is for two years starting from July 25 to July 24, 2027, with a one-year extension option.
“For clarification, the contract is on a call-out basis which does not have a fixed contract value, and the company is engaged by EPOMS to provide specified services for the duration of the contract as and when such services are required,” the company said.
The contract is expected to contribute positively to the earnings of Steel Hawk group for the financial year ending Dec 31, 2025.
For its first quarter ended March 31, 2025, Steel Hawk’s net profit rose to RM8.17mil from RM3.23mil in the previous corresponding period, while revenue jumped to RM52.48mil from RM19.74mil a year earlier.
In a filing with the stock exchange on its first-quarter performance, Steel Hawk pointed out that the earnings growth was primarily driven by the engineering, procurement, construction and commissioning segment, which recorded an increase of RM34.69mil.
According to Steel Hawk, the improvement was attributed to new work orders secured from Petroliam Nasional Bhd.
Going forward, the company said it is poised for continued growth, supported by a solid track record, recent contract wins and favourable industry developments.
“With a healthy project pipeline, the group is experiencing robust growth and, barring unforeseen circumstances, expects these developments to contribute positively to its performance for the financial year ending Dec 31, 2025.” — Agencies
