Latest news with #EPESwitchgear(M)SdnBhd
The Star
7 days ago
- Business
- The Star
Pekat wins RM31mil TNB contract
PETALING JAYA: Pekat Group Bhd 's indirect 60%-owned subsidiary, EPE Switchgear (M) Sdn Bhd, has secured a RM31.32mil switchgear maintenance and repair job from Tenaga Nasional Bhd (TNB). In a filing with Bursa Malaysia, the solar energy firm said EPE Switchgear will undertake the maintenance, servicing and repair works of air insulated switchgears and gas insulated switchgears, including supply and installation of spare parts, as per TNB's requirements and specifications. 'The contract shall be effective from Aug 1, 2025, being the date of the letter of award or LoA. The contract period will be two years from the effective date, with an additional option for another one year.' Pekat Group added that the duration for each particular service will be based on the purchase order issued by TNB.
The Star
21-05-2025
- Business
- The Star
Pekat Group earnings soar to RM12mil in 1Q25
The solar photovoltaic specialist said revenue leapt to RM150.31mil during the quarter. PETALING JAYA: Pekat Group Bhd registered a record net profit of RM12.06mil in the first quarter of financial year 2025 (1Q25). It was more than triple the RM3.78mil posted in the year-ago quarter. The solar photovoltaic specialist said revenue leapt to RM150.31mil in the quarter under view from RM57.63mil in the comparative quarter, driven by strong growth across all business segments and major contract wins. Earnings per share for the quarter climbed to 1.87 sen from 0.59 sen in the previous corresponding quarter. Pekat's solar photovoltaics segment remained the largest contributor, recording RM92.8mil in revenue, a 153.2% increase year-on-year, supported by higher project execution across the commercial, industrial, and residential segments. Growth was also supported by ongoing work under the group's 29.99 MWac Corporate Green Power Programme project. It is expected to contribute to both recurring income and engineering, procurement, construction and commissioning revenue in the coming quarters. The power distribution equipment division via EPE Switchgear (M) Sdn Bhd, delivered a maiden contribution of RM27.9mil. Meanwhile, the earthing and lightning protection division posted RM16.2mil in revenue, up 79.4%, and the trading segment added RM13.4mil, a 12.2% improvement. As at March 31, 2025, Pekat's cash and bank balances rose to RM62.8mil. Total assets rose to RM481mil, up from RM433.2mil at end of financial year 2024. Trading ideas: Maybank, Velesto, Duopharma, IHH, Malakoff, EcoWorld, SCable, MBSB, Kimlun, Sapura Industral, Eversendai, SunCon, PetChem, Aeon, TSH, MyEG
