Destini posts RM23.2mil profit for 9-month period
Destini executive director Ismail Mustaffa said the engineering solutions provider is well-positioned to close the financial year on a strong note. (Destini Bhd pic)
PETALING JAYA : Engineering solutions provider Destini Bhd has reported a net profit of RM23.2 million for the nine-month period ended March 31.
In a statement, Destini said the group's revenue for the period reached RM250.2 million, reflecting sustained demand in its rail, defence, and energy segments.
On a quarterly basis, Destini achieved a stable 4.9% revenue growth, reaching RM87.67 million compared to RM83.56 million in the preceding quarter. Profit after tax rose by 4.8% on a quarterly basis, coming in at RM8.47 million compared to RM8.09 million in the preceding quarter.
'With sustained momentum across all business segments, the ongoing execution of high-value contracts, and strategic contributions from recent acquisitions, Destini is well-positioned to close the financial year on a strong note,' said its executive director Ismail Mustaffa in a statement.
'This performance is underpinned by solid fundamentals and a growing tender book, which stood at RM1.01 billion as of March 31.'
Destini's mobility sector was a top performer, delivering RM49.6 million in revenue and RM4.32 million in profit after tax and non-controlling interest (PATNCI) aided by the delivery of three train units to the transport ministry, and the first revenue contribution from newly acquired Trovon Group Pty Ltd.
The acquisition is expected to enhance the group's access to international markets and contribute positively to profitability in the next financial year.
Destini's aviation and defence division also made a strong comeback, posting RM22.42 million in revenue and RM2.42 million in PATNCI, reversing a loss of RM3.97 million in the previous period.
The marine segment recorded RM12.27 million in revenue and PATNCI of RM1.07 million, while the energy segment turned a profit of RM260,000 on RM3.38 million in revenue, thanks to improved rig-related activity and tighter cost controls.
Destini is an integrated engineering group with operations in mobility, aviation and defence, marine, and energy sectors. Its offerings include maintenance, repair and overhaul services for the rail and aviation industries, marine safety equipment, and renewable energy solutions.
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