PETALING JAYA: Hartanah Kenyalang Bhd
saw a drop in both its top line and bottom line for the first quarter ended Jan 31, 2026 (1Q26).
In a filing with Bursa Malaysia, the construction firm said revenue fell 46.6% to RM23.87mil in 1Q26 from RM44.73mil in the same quarter a year earlier. The drop, according to the group, was mainly due to completion of some of its projects.
Its net profit dropped 64.2% to RM674,000 in 1Q26 from RM1.8mil in line with the reduced revenue and increased staff costs.
Moving forward, the developer noted its prospects are favourable, supported by the construction industry in Sarawak and the state’s growing emphasis on renewable energy and water infrastructure spending.
