PETALING JAYA: Lim Seong Hai Capital Bhd
(LSH)'s outstanding construction and engineering orderbook stood at RM1.24bil, providing revenue visibility progressively until the financial year ending Sept 30, 2030 (FY30).
Also, its total property development gross development value (GDV) pipeline of about RM1.68bil is expected to support earnings visibility through 2029.
The group posted a stronger financial performance for the first half ended March 31, 2026 (1HFY26), with revenue rising 24.76% year-on-year to RM253.71mil, while profit after tax (PAT) increased 21.8% to RM49.05mil.
LSH Capital said the stronger earnings were mainly driven by higher contributions from its construction segment as key projects entered peak execution phases, alongside growing recurring income from its facilities management business.
The group’s construction products segment also recorded improved contributions, particularly from the supply of red earth to the Tangkak project, which carried higher margins.
Commenting on the results, LSH's chairman Tan Sri Lim Keng Cheng said: “The results performance reflects the resilience of our business model. The strong year-on-year growth in revenue and profitability was driven by disciplined execution, an improving margin mix, and the meaningful contribution from our facilities management platform."
"With a healthy orderbook, an expanding GDV pipeline and emerging recurring income streams from landmark national assets, we are well-positioned to continue delivering sustainable value to our shareholders,” he added.
For the 2QFY26, it posted a revenue of RM99.45mil and PAT of RM20.52mil.
The company declared an interim single-tier dividend of 0.75 sen per share, that's payable on June 24, 2026.
