Latest news with #PangTseFui
New Straits Times
28-07-2025
- Business
- New Straits Times
Aneka Jaringan's Q3 earnings soar 31.3pct, revenue jumps 18.05pct
KUALA LUMPUR: Aneka Jaringan Holdings Bhd reported a 31.3 per cent increase in net profit to RM738,000 for the third quarter ended May 31, 2025, compared to RM562,000 in the same period last year. According to its filing with Bursa Malaysia, the company's revenue climbed 18.05 per cent to RM49.4 million from RM41.85 million previously, supported by stronger contributions from its ongoing projects in Malaysia. No dividend was declared for the quarter. The company said it remains cautiously optimistic about its performance for the financial year ending Aug 31, 2025, amid persistent trade uncertainties and fluctuating costs. "The group continues to monitor cost fluctuations closely and is prepared to implement proactive measures to mitigate their impact on operations and profitability," it said. Managing director Pang Tse Fui said the profit momentum reflected the effectiveness of Aneka Jaringan's execution strategy and strong financial management. "As our project portfolio continues to deliver, we remain focused on risk-managed growth while reinforcing governance across all operational aspects. "The results thus far give us the confidence to stay on track toward a stronger full-year performance," he said.
The Sun
28-07-2025
- Business
- The Sun
Aneka Jaringan continues growth with 72.6% PAT growth in Q3FY2025
KUALA LUMPUR: Aneka Jaringan Holdings Berhad, a basement and foundation construction specialist, reported another quarter of resilient performance for the third quarter ended May 31, 2025 (Q3 FYE2025), underpinned by consistent project execution and prudent cost control. The Group posted a profit after tax (PAT) of RM0.95 million, marking a 72.6% increase from RM0.55 million recorded in the corresponding quarter last year (Q3 FYE2024). Revenue for the quarter rose to RM49.40 million, an increase of 18.1% year-on-year (YoY) compared to RM41.85 million in Q3 FYE2024, primarily driven by stronger contributions from the Group's ongoing projects in Malaysia. Gross profit improved to RM5.20 million, up 19.1% from RM4.36 million, reflecting the Group's continued focus on margin preservation amidst a competitive operating environment. For the cumulative nine months ended 31 May 2025 (9M FYE2025), the Group recorded revenue of RM195.83 million, up 26.5% YoY from RM154.84 million, while PAT nearly doubled to RM4.40 million compared to RM2.48 million in the same period last year. These results reaffirm Aneka Jaringan's steady recovery trajectory and disciplined execution across its operations in Malaysia and Indonesia. Managing director Pang Tse Fui commented, 'We are pleased to sustain our profit momentum into the third quarter, demonstrating the strength of our execution model and financial discipline. As our project portfolio continues to deliver, we remain focused on risk-managed growth while reinforcing governance across all operational aspects. The results thus far give us the confidence to stay on track toward a stronger full-year performance.' As at May 31, 2025, Aneka Jaringan had secured RM158.15 million in new project wins for the current financial year, bringing its outstanding order book to RM233.83 million. These contracts span foundation works and substructure packages for data centres, high-rise buildings, and other urban infrastructure, underscoring the Group's ability to remain competitive in high-demand segments. In addition to the RM158.15 million worth of projects secured as of 31 May 2025, the Group has since secured further projects amounting to approximately RM108.26 million. These include piling and foundation works for a data centre valued at RM72.30 million, two separate projects for SkyWorld worth RM19.31 million and RM9.45 million respectively, as well as a RM7.20 million job for the Rapid Transit System (RTS) project. These new contracts further reinforce the Group's earnings visibility heading into FY2026. Looking ahead, Aneka Jaringan maintains a cautiously optimistic outlook for the remainder of FY2025. While macroeconomic headwinds and cost fluctuations remain, the Group continues to emphasise operational efficiency, selective bidding, and cost discipline to drive sustainable value creation. Backed by a healthy order pipeline and strengthened fundamentals, the Group is well-positioned to maintain its positive performance trajectory.
The Star
15-05-2025
- Business
- The Star
Aneka Jaringan wins RM50.54mil piling and earthworks contract
Aneka Jaringan Holdings Bhd managing director Pang Tse Fui KUALA LUMPUR: Aneka Jaringan Holdings Bhd 's wholly-owned subsidiary, Aneka Jaringan Sdn Bhd, secured a RM50.54mil contract from Clement Chan Architect on behalf of Kuala Lumpur Metro Property Sdn Bhd. In a filing with Bursa Malaysia, Aneka said the contract was to undertake earthworks, piling, and sub-structure works for a 62-storey mixed development on Jalan Sultan Ismail, Kuala Lumpur. The contract starts on June 2, 2025 and is scheduled for completion by Dec 1, 2026. Aneka expects the contract to contribute positively to its consolidated earnings and net assets for the financial years ending Aug 31, 2025, 2026 and 2027, during the duration of the contract. 'This award underscores our proven track record in handling complex, high-density urban developments. With a solid order book and our continuous focus on execution excellence, we are confident this project will further elevate our position in Malaysia's construction landscape,' managing director Pang Tse Fui said in a statement. The award raises Aneka Jaringan's total project wins to RM150.06mil year-to-date as of May 15.
New Straits Times
15-05-2025
- Business
- New Straits Times
Aneka Jaringan wins RM50.54mil contract
KUALA LUMPUR: Aneka Jaringan Holdings Bhd has bagged a RM50.54 million contract to undertake earthworks, piling and sub-structure works for a proposed mixed development project. The company said its subsidiary Aneka Jaringan Sdn Bhd has received and accepted a letter of award (LoA) from Clement Chan Architects on behalf of Kuala Lumpur Metro Property Sdn Bhd to undertake the project. The scope of work encompasses extensive foundational and structural works for a 62 storey serviced apartment and hotel tower situated atop a 10 storey podium. The building will house various commercial and hospitality facilities including restaurants, retail spaces, car park levels and mechanical and electrical (M&E) services. "This project marks a significant milestone for Aneka Jaringan as it expands its portfolio of high-rise urban developments in key commercial districts," it said. Aneka Jaringan managing director Pang Tse Fui said the contract underscores its proven track record in handling complex, high-density urban developments. "With a solid order book and our continuous focus on execution excellence, we are confident this project will further elevate our position in Malaysia's construction landscape," said Pang. The construction is scheduled to commence on June 2, 2025 and is expected to be completed by December 1, 2026. The contract brought Aneka Jaringan's total project wins year-to-date to RM150.06 million as at May 15.
New Straits Times
22-04-2025
- Business
- New Straits Times
Aneka Jaringan Q2 earnings surge sixfold to RM749,000
KUALA LUMPUR: Aneka Jaringan Holdings Bhd posted a net profit of RM749,000 for the second quarter of 2025 (2Q25), up from RM121,000 in the same period last year. Revenue rose 23.5 per cent to RM66.96 million from RM54.22 million a year ago, supported by stronger contributions from ongoing projects and improved execution efficiency in both Malaysia and Indonesia. Aneka Jaringan said it will closely monitor the ongoing uncertainty in the global trade environment and take appropriate steps to minimise its impact. "The group maintains its cautiously optimistic outlook for its financial performance in the financial year ending Aug 31, 2025," it said. Its managing director Pang Tse Fui said the profitability reflects the resilience of their operations and the successful delivery of key projects in both Malaysia and Indonesia. "With RM146.43 million in revenue achieved in just the first half of the financial year, we are well on track to deliver a better performance compared to 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," he said in a statement. As of Feb 28, 2025, Aneka Jaringan's order book stood at RM198.97 million, bolstered by RM99.03 million in new projects secured year-to-date. Its share price closed 3.85 per cent higher at 13.5 sen, giving the company a market capitalisation of RM90 million.
