Latest news with #RM130.6
Daily Express
21-07-2025
- Business
- Daily Express
KTI lands RM130 million ABM campus deal
Published on: Monday, July 21, 2025 Published on: Mon, Jul 21, 2025 Text Size: 'It signals market trust in KTI's execution capability, financial strength and commitment to nation-building,' Gordon (left) said. A view of the campus (right). Kota Kinabalu: Local construction giant KTI Landmark Bhd has landed a major government contract worth RM130.6 million to construct the Akademi Binaan Malaysia (ABM) campus in Papar, Sabah. The Construction Industry Development Board (CIDB) awarded the 24-month project to KTI's wholly-owned subsidiary, KTI Sdn Bhd, reflecting the company's first notable contract win of 2025. Advertisement The new campus, scheduled for completion by June 2027, will serve as a regional training hub for vocational and technical education in the construction sector. The facility aligns with national initiatives to develop skilled workers and raise industry standards across Malaysia. 'Securing this contract is not only a financial milestone, it is a brand milestone,' said KTI Group Managing Director cum Chief Executive Officer Datuk Dr Gordon Loke. 'It signals market trust in KTI's execution capability, financial strength and commitment to nation-building,' he said. The latest win brings KTI's total order book to approximately RM345 million. The Sabah-based contractor remains optimistic about achieving its target of securing RM250 million to RM300 million in new contracts for the financial year ending Dec 31, 2025. KTI, recognised as one of Sabah's most established contractors with Industrialised Building System capabilities, continues to play a vital role in the state's infrastructure development and economic growth.
Borneo Post
20-07-2025
- Business
- Borneo Post
KTI Group secures RM130.6 million ABM Sabah Campus contract
A model of the Akademi Binaan Malaysia campus in Papar. KOTA KINABALU (July 20): KTI Landmark Bhd, via its wholly-owned subsidiary KTI Sdn Bhd, has been awarded a high-impact government contract by the Construction Industry Development Board (CIDB) Malaysia for the construction of the Akademi Binaan Malaysia (ABM) campus in Papar. Valued at RM130.6 million, this latest win marks a major step forward in KTI's continued growth. The 24-month ABM campus contract, which runs from July 1, 2025, to June 30, 2027, will establish a new regional hub for vocational and technical training in the construction sector. The campus reflects national priorities to develop skilled talent and uplift construction industry standards, with KTI being given the trust and honour to play a key delivery role in Sabah. This award comes at a pivotal time for KTI, reinforcing its position as one of Sabah's most trusted and capable contractors with IBS capabilities. This RM130.6 million win is KTI's first contract win this year and increases KTI's order book to approximately RM345 million to date. With more projects in the pipeline and strong execution momentum, KTI Group remains focused on meeting its target of RM250 million to RM300 million in new contracts for its financial year ending Dec 31, 2025 (FY25), in line with the group's growth ambition while continuing to deliver quality developments that support community building and economic progress across Sabah. 'Securing this contract is not only a financial milestone — it is a brand milestone,' said Datuk Dr Gordon Loke, Group Managing Director and Group Chief Executive Office of KTI Group. 'It signals market trust in KTI's execution capability, financial strength, and commitment to nation-building. More importantly, it positions KTI as a key player in shaping the infrastructure and human capital development landscape in Sabah.'
New Straits Times
18-07-2025
- Business
- New Straits Times
KTI landmark gets RM130.6 mln contract from CIDB
KUALA LUMPUR: KTI Landmark Bhd, via its wholly-owned subsidiary KTI Sdn Bhd, has clinched a RM130.6 million contract for the construction of the Akademi Binaan Malaysia's (ABM) Wilayah Sabah campus in Papar. The Kota Kinabalu-based property development and construction group said the 24-month contract, which runs from July 1, 2025, to June 30, 2027, was awarded by the Construction Industry Development Board (CIDB) Malaysia. "The contract will further increase and enhance the existing order book of the group," KTI Landmark said in a filing with Bursa Malaysia today. It added that the contract will have no effect on the issued share capital and the shareholding of the substantial shareholders of the company, but it is expected to contribute positively to the group's earnings and net assets per share for the financial years ending Dec 31, 2025 to 2027.
The Sun
12-06-2025
- Automotive
- The Sun
BAuto posts RM34.6m pre-tax profit for Q4, declares 1.5 sen interim dividend
PETALING JAYA: Bermaz Auto Bhd (BAuto) reported group revenue of RM528.6 million and profit before tax (PBT) of RM34.6 million for the fourth quarter ended April 30, 2025 (Q4'25), compared to RM937.5 million and RM130.6 million respectively in the corresponding quarter last year. In a statement, the company said group revenue declined by RM408.9 million (-43.6%), mainly due to a drop in sales volume from its Mazda and Kia domestic operations, as they were significantly impacted by the continuous influx of Chinese-made vehicles into the market, which are competitively priced. In line with lower group revenue, the group's PBT recorded a decline of RM95.9 million (-73.5%) compared to Q4'24, which included gains that were recognised from the closure of its Peugeot operation in March 2024. The group had also accounted for expenses relating to its employees' share scheme, amounting to RM1.2 million in Q4'25 compared to RM1.4 million in Q4'24. For the financial year ended April 30, 2025 (FY25), the group reported revenue and PBT of RM2.62 billion and RM224.3 million, respectively, compared to RM3.91 billion and RM483.7 million, respectively, in FY24. Group revenue declined by RM1.29 billion (-32.9%), primarily due to a decrease in sales volume from its Mazda and Kia domestic operations. In line with the decline in revenue, the group's PBT declined by RM259.4 million (-53.6%) compared to FY24. The group had also accounted for expenses relating to its employees' share scheme amounting to RM6.6 million in FY25 compared to RM1.6 million in FY24. The board has declared a fourth interim dividend of 1.5 sen per share (single-tier) for the financial year ended April 30, 2025, payable on Aug 5. This compares to the previous year's corresponding quarter (April 30, 2024), when a single-tier dividend of 4.75 sen per share and a special dividend of 7 sen per share were declared. The first interim dividend of 3.5 sen per share was paid on Nov 6, 2024. A special dividend of 7 sen per share was paid on Dec 30, 2024. The second interim dividend of 3 sen per share was paid on Feb 7, 2025. The third interim dividend of 1.75 sen per share was paid on May 7, 2025. This brings the total dividend declared for the financial year ended April 30, 2025 to 16.75 sen per share (single-tier), compared to 26 sen per share (single-tier) for the ended April 30, 2024. On future prospects, BAuto noted that the Malaysian economy registered growth of 4.4% in the first quarter of 2025, driven by steady expansion in domestic demand. Malaysia's growth in 2025 will be affected by the escalation in trade tensions and the rapidly-evolving developments surrounding trade tariffs and is expected to be slightly lower than the earlier forecast of 4.5-5.5%. The total industry volume (TIV) in April of 60,527 units was 16.8% lower (12,177 units) than in March (72,704 units) as a result of the short working month in April due to the Hari Raya festive holidays and high festive deliveries in March. The year-to-year TIV for the first four months of 2025 was 248,730 units, a decline of 14,320 units (-5.4%) compared to the same period last year of 263,050 units. BAuto said the automotive sector is expected to register lower growth due to factors such as inflationary pressures, weaker global growth from uncertainties in geopolitical conflicts and outcomes of negotiations on trade tariffs imposed by the United States, which will have an adverse impact on the overall local economy. 'The continuous influx of Chinese marque vehicles had also impacted the sales of other marques in the country. 'The launching of new and/or new facelifts models of the group's existing and new vehicle marques are still very much dependent on the market sentiments and economic conditions then. 'Premised on the above, the board anticipates the performance of the group for the financial year ending 30 April 2026 to be challenging,' it said.
