KUALA LUMPUR: Bintai Kinden Corp
Bhd returned to the black in the second quarter of its financial year (2QFY26) with a net profit of RM4.47mil, which compared to a net loss of RM3.08mil in the year-ago quarter.
In a statement, the Practice Note 17 (PN17) company reported that quarterly revenue leapt over two-fold to RM15.77mil from RM4.89mil in the year-ago quarter
The group, which is involved in mechanical and electrical (M&E) engineering services, construction and medical device manufacturing and facilities operations, said the improvement was driven by its construction sub-segment and continued stability from its concession assets.
The M&E division, supported by the expanding construction sub-segment, contributed RM12.21mil or 77.4% of total quarterly revenue, while the concession segment registered RM3.56mil and remained consistent with the prior year.
"Our 2Q performance reflects the structural improvements we have been building over the past year. The construction sub-segment continues to scale effectively, and our concession assets remain a stable earnings anchor.
"With stronger project execution, better cost discipline and a cleaner balance sheet following the completion of our Regularisation Plan, we are steadily moving towards a more sustainable earnings trajectory,” said managing director and CEO Datuk Tay Chor Han.
For the six months to Sept 30, 2025 (1HFY26), Bintai Kinden registered a net profit of RM589,000 as compared to a net loss of RM1.59mil in the year-ago period. Revenue in 1HFY26 was RM23.36mil, up from RM10.23mil in the comparative period.
As at Sept 30, 2025, Bintai Kinden's order book stood at about RM114.24mil for the construction segment and RM4.2mil for the M&E segment.
Meanwhile, the group is actively bidding for RM544.37mil worth of M&E tenders and RM25.2mil from the construction segment, which are currently under evaluation.
According to Bursa Malaysia’s guidelines, Bintai Kinden may apply for an upliftment from PN17 status after achieving two consecutive quarters of profit following the completion of its Regularisation Plan on May 21, 2025.
