Aneka Jaringan on track for stronger FY25
KUALA LUMPUR: Aneka Jaringan Holdings Bhd is well on track to deliver a stronger performance this financial year, having already recorded RM146.43mil in revenue for the first half, surpassing the pace set in the previous year.
'Backed by a healthy order book and disciplined cost management, we remain focused on executing our projects efficiently while continuing to pursue strategic contract wins to drive sustainable long-term growth,' managing director Pang Tse Fui said in a statement.
The basement and foundation construction specialist's order book stood at RM198.97mil as at Feb 28, backed by RM99.03mil in new projects secured year-to-date — signalling a healthy pipeline that is set to support earnings visibility through financial year ending Aug 31, 2025 (FY25) and beyond.
In the second quarter ended Feb 28 (2Q25), Aneka Jaringan's net profit surged to RM749,000, or earnings per share of 0.11 sen, bringing its first-half net profit to RM2.9mil, or 0.43 sen.
Revenue rose 23.5% to RM66.9mil in 2Q25, lifting total revenue for the first six months to RM146.4mil.
'We are pleased to have delivered another quarter of profitability, supported by solid revenue growth and improving margins. This reflects the resilience of our operations and the successful execution of our core projects both in Malaysia and Indonesia,' Pang said.
Looking ahead, Aneka Jaringan remains cautiously optimistic about the construction industry. Despite challenges like global supply chain issues and rising costs, the group is staying focused on efficient operations, using technology to boost productivity, and bidding for key infrastructure and urban projects.
'With a clear growth strategy and solid financial fundamentals, Aneka Jaringan is confident in maintaining its positive performance trajectory for the remainder of the financial year.'
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