KUALA LUMPUR: Sunway Construction Group Bhd
(SunCon) continues to position itself in key growth segments, particularly in Advanced Technology Facilities.
Meanwhile, the group also continues to pursue in-house developments within the Sunway Bhd ecosystem, including hospitals, integrated developments, commercial buildings and transit-oriented developments, as these projects provide earnings visibility and support a stable base of recurring construction activities.
"Complementing these growth drivers, the Group remains disciplined and deliberate in identifying suitable investment opportunities, as part of its strategy to build long-term, recurring income assets," it said in comments accompanying its latest result filing with Bursa Malaysia.
In the first quarter of 2026, SunCon posted a net profit of RM118.41mil, up from RM75.72mil in the year-ago quarter.
The bottomline improved despite a lower quarterly revenue of RM1.02bil as compared to RM1.4bil in the previous comparative quarter on the back of the lower revenue contribution by the construction segment.
According to the group, the construction segment posted a higher turnover in the previous comparative quarter due to the accelerated progress in the RTS LInk Project and several data centre projects. However, it achieved a higher profit margin in the current quarter on the back of completed projects and the reversal of provisions, leading to a 32.7% increase in pre-tax profit to RM148.7mil.
The board of directors declared a first interim dividend of 7.6 sen per share and a special dividend of 15.2 sen per share, with entitlement date on June 10, 2026, and payable on June 25, 2026.
SunCon said it remains mindful of the evolving global landscape with geopolitical developments contributing to volatility in energy markets, leading to higher diesel prices and consequently, increased material and logistics costs.
"The group continues to actively manage these cost pressures through prudent procurement strategies, adopting a disciplined and needs-based purchasing approach to mitigate the
impact of price fluctuations while maintaining operational efficiency."
The group’s balanced portfolio of ATF, in-house and public infrastructure projects positions SunCon on a sustainable growth path.
Supported by a healthy order book, strong financial position and proven execution capability, the group said it remains cautiously optimistic on its performance for the financial year ending 2026, barring any unforeseen circumstances.
