Latest news with #RM11.8
Barnama
5 days ago
- Business
- Barnama
Edgenta Eyes Recovery As International Wins Set To Offset Q1 Challenges
KUALA LUMPUR, May 29 (Bernama) -- UEM Edgenta Berhad ('UEM Edgenta'), a regional leader in Asset Management and Infrastructure Solutions, today announced its unaudited financial results for the first quarter ended 31 March 2025 ('Q1 FY2025'), reporting a Loss Before Tax (LBT) of RM11.8 million, compared to a Profit Before Tax (PBT) of RM19.6 million in the same period last year. Revenue stood at RM646.1 million, a 4.6% decrease from RM677.6 million in Q1 FY2024. The performance was primarily affected by higher operational costs, particularly in manpower, as well as the completion of several one-off contracts and cyclical factors. Despite these headwinds, UEM Edgenta is seeing positive momentum from its international operations, which are expected to support performance moving forward. The Group's operations in Saudi Arabia and the UAE achieved a strong 24% year-on-year revenue growth, driven by effective integration efforts and the scaling of newly acquired entities. In Singapore, new contract wins amounting to RM462.8 million within the Healthcare Solutions division contributed to an encouraging orderbook, while additional wins in Taiwan (RM328.7 million) are also supporting the Group's efforts
BusinessToday
22-05-2025
- Business
- BusinessToday
Taliworks Delivers Strong 1Q Performance With 12.8% Revenue Growth
Taliworks Corporation Bhd, a prominent Malaysian infrastructure and utilities provider, has reported a solid first-quarter performance for the financial year ending Dec 31, 2025 (1Q25), buoyed by robust contributions from its construction and renewable energy segments. The group posted a profit after tax of RM12.9 million, on the back of RM105.3 million in revenue, marking a 12.8% year-on-year (YoY) increase. The rise was largely attributed to the sustained construction progress on Phase 1, Packages 2 and 3 of the Sungai Rasau Water Supply Scheme, which drove construction segment revenue from RM11.8 million in 1Q24 to RM27.9 million in the current quarter. Revenue from the group's renewable energy (RE) segment climbed 13.6% YoY to RM7.5 million, fuelled by an 11.4% increase in solar energy output following the replacement of solar panels across all its photovoltaic plants. This reflects the group's growing momentum in clean energy, positioning it as a future growth pillar. 'Our water treatment, supply, and toll highway operations remain the bedrock of our performance,' said Executive Director Kevin Chin. 'However, we're pleased with the continued traction in our renewable energy business and the contribution from construction, both of which align with our strategy to diversify and scale high-impact infrastructure investments.' Chin added that Taliworks remains focused on expanding its infrastructure and RE footprint while maintaining cost discipline across all segments. 'To support long-term growth, we are actively seeking new opportunities to expand our construction order book and optimise operational efficiency,' Chin noted. In line with its commitment to shareholder returns, Taliworks declared a first interim single-tier dividend of 0.5 sen per share, amounting to RM10.08 million, payable on June 30, 2025. Based on the closing price of RM0.68 on May 19, 2025, the trailing 12-month dividend yield stands at an attractive 5.9%. Related
