Latest news with #ChinHinGroupBhd
The Sun
29-05-2025
- Business
- The Sun
Chin Hin Group posts 250% surge in Q1 profit, revenue nears RM1b
KUALA LUMPUR: Chin Hin Group Bhd, Malaysia's leading integrated builder conglomerate, achieved significant revenue growth of 67% year-on-year (YoY) to RM951.95 million first quarter (Q1) ended March 31, 2025 (FY25), compared to RM570.21 million previously, alongside a 250% surge in profit before tax (PBT) to RM67.12 million from RM19.17 million. The building materials division showcased strong operational performance, with a 50% increase in profit before tax (PBT) to RM21.78 million, despite a marginal decline in revenue to RM449.09 million. This profitability improvement was driven by effective cost optimisation and robust demand across key product segments. Notably, profitability from the distribution of building materials and the manufacturing of precast concrete and metal roofing surged, underpinned by enhanced production capacities, higher export demand, and increasing infrastructure activities. Property development significantly accelerated its growth, posting revenue of RM187.29 million, an increase from RM25.61 million previously, with PBT rising substantially due to higher-margin projects and efficient project execution. The construction engineering division continued its impressive growth trajectory, reporting revenue of RM174.17 million, a 78.34% increase YoY, driven by robust progress in ongoing in-house property development projects and improved billing from key infrastructure developments. Meanwhile, Chin Hin Group's subsidiary Signature International Bhd maintained its strong momentum with combined segmental revenue reaching RM247.48 million. Revenue from kitchen cabinet systems totalled RM100.27 million, and interior fit-out works contributed RM147.20 million. Signature continues to deliver solid financial results underpinned by a strong order book of RM907 million in kitchen and wardrobe systems and RM322 million in interior fit-out projects, totalling RM1.23 billion. Another subsidiary, Fiamma Holdings Bhd, further supported the group's growth with consistent contributions, leveraging its extensive distribution network and comprehensive range of home appliances. Commenting on the results, Chin Hin Group's group managing director Chiau Haw Choon said the group's outstanding first-quarter results highlight Chin Hin's successful execution across all business divisions. 'Our building materials, property development, and construction engineering divisions have delivered exceptional growth, underpinned by effective management and strong market conditions. 'Signature and Fiamma continue to complement our group's strategy with strong performances, enhancing our overall market position,' he said in a statement. Looking ahead, the group maintains a positive outlook, supported by strong order books across property development with RM2.1 billion in unbilled sales, construction engineering with RM1.8 billion, and Signature with RM1.23 billion. Despite potential global economic uncertainties, Chin Hin Group is strategically positioned to leverage ongoing projects, operational efficiencies, and a strong market presence to sustain robust growth. 'While we celebrate our financial milestones, we also anticipate the upcoming IPO of Signature Alliance Group Bhd, aiming to raise approximately RM120 million. 'This will further bolster our capabilities and provide additional avenues for growth. 'Our recent move into Menara Chin Hin and the recognition from HR Asia as one of the Best Companies to Work For in 2024 reflect our broader commitment to operational excellence, sustainable growth, and an outstanding workplace culture,' Chiau said.
The Sun
28-05-2025
- Business
- The Sun
Signature International delivers strong Q1 FY25 performance, interior fit-out, modular solutions fuel expansion
KUALA LUMPUR: Signature International Bhd posted strong financial performance for its first quarter (Q1) ended March 31, 2025 (FY25), with revenue rising by 64.5% to RM247.5 million compared to RM150.5 million in Q1 FY24. The group's profit before taxation (PBT) more than doubled to RM32.8 million from RM13.3 million a year ago, driven by improved margins and contributions from equity-accounted associates. The substantial revenue increase was primarily driven by the continued robust growth of the group's interior fit-out segment, which contributed RM147.2 million, marking a notable increase from RM46.3 million in the same period last year. This impressive growth was fueled by accelerated project execution and strong market demand, particularly within high-value residential and commercial developments. The kitchen and wardrobe systems segments continued to deliver solid results. The Corten brand recorded revenue of RM52.0 million, while the Signature brand contributed RM48.3 million. Both segments benefited from strong project sales and a strategic focus on premium and niche markets, further boosting profitability. Signature International group CEO KS Lau said the strong quarterly performance demonstrates the resilience and effectiveness of the company's diversified business model, strategic market positioning, and operational capabilities. 'The notable growth, especially in our interior fit-out division, showcases our consistent ability to deliver high-margin projects and leverage Malaysia's active property market. 'With our robust order book standing at RM1.23 billion, we remain optimistic about our continued growth prospects. 'Demand remains strong across our core business segments, positioning us well to maintain our growth trajectory. 'Our strategic priority continues to be enhancing profitability, operational efficiency, and reinforcing our market leadership,' he said. As of March 31, 2025, Signature International's order book remained strong, with RM244 million under the Signature brand, RM663 million under the Corten brand, and RM322 million in interior fit-out projects. The group anticipates sustained positive revenue and profit performance, driven by steady project inflows and consistent market demand. In line with its commitment to sustainability, Signature International continues to integrate environmental stewardship, employee well-being, and governance excellence into its operations, aligning closely with Malaysia's broader ESG objectives. 'As we progress through 2025, Signature International remains strategically positioned to capitalise on emerging growth opportunities, driven by our strong market reputation and comprehensive solutions. 'We are committed to delivering sustained value for our shareholders and stakeholders alike,' Lau said. Signature International is a subsidiary of Chin Hin Group Bhd, a Malaysian conglomerate listed on Bursa Malaysia, primarily engaged in building materials, construction, property development, and home and living solutions. Chin Hin's portfolio also includes other prominent companies such as Ajiya Bhd, Chin Hin Group Property Bhd, and Fiamma Holdings Bhd. Lau said Signature International's strategic priority continues to be enhancing profitability, operational efficiency, and reinforcing market leadership.
