Latest news with #RM7.9
BusinessToday
4 days ago
- Business
- BusinessToday
SunCon Secures RM1.15 Billion Data Centre Contracts From US Multinational
Sunway Construction Group Berhad announce that its wholly-owned subsidiary has accepted Works Orders from a multinational technology company headquartered in the United States for the provision of General Contractor works for two data centre projects totaling RM1.155 billion. The Group expects these projects to contribute positively to the Group's earnings for the current and subsequent financial years, with completion targeted for the first quarter of 2027. Sunway Construction has secured RM3.5 billion worth of new orders to date, accounting for more than half of its 2025 order book replenishment target range of RM4.5 billion to RM6.0 billion. As a result, its total outstanding order book has risen to RM7.9 billion. Related
New Straits Times
4 days ago
- Business
- New Straits Times
Sunway Construction lands RM1.15bil data centre jobs for big US firm
KUALA LUMPUR: Sunway Construction Group Bhd's subsidiary Sunway Construction Sdn Bhd has been hired by a big US-based technology company to build two data centres totaling RM1.15 billion. Sunway Construction, in a statement, said the projects are expected to contribute to its earnings for the current and subsequent financial years, with completion targeted for the first quarter of 2027. Sunway Construction has so far secured RM3.5 billion of new orders, accounting for more than half of its 2025 order book replenishment target range of RM4.5 billion-RM6 billion. As a result, its total outstanding order book has risen to RM7.9 billion. Sunway Construction group managing director Liew Kok Wing said the new projects expand its order book for the year and fortify earnings visibility over the next two years. "Our strong performance in the first quarter of 2025 reflects the sustained momentum across our operations. "We are confident that this positive momentum will continue in the current financial year, underpinned by accelerated progress on data centre projects and a robust outstanding order book, including newly-secured projects," he added.
The Sun
4 days ago
- Business
- The Sun
Paragon Globe Q4 profit soars to RM71.1m on strong land sales, property uptake
JOHOR BAHRU: Paragon Globe Bhd, a main market-listed property developer on Bursa Malaysia, achieved a substantial increase in revenue to RM151.5 million for the fourth quarter (Q4) ended March 31, 2025 (FY25), compared to RM7.9 million in the same quarter last year. Robust property development activities, significant land disposals, and effective operational management primarily drove the group's impressive performance. Profit before tax surged to RM71.1 million from RM2.0 million, with net profit attributable to the owners of the parent rising to RM53.4 million, a significant increase from RM1.3 million in Q4 FY24. The group's annual financial performance similarly showed exceptional growth. Revenue for FY25 rose significantly to RM306.3 million, an increase of more than 500% compared to RM51.0 million recorded in FY24. Profit before tax for the year increased significantly to RM140.2 million from RM0.8 million in the previous year. Net profit attributable to the owners of the parent reached RM105.6 million, making a remarkable turnaround from the net loss of RM1.2 million in FY24. Commenting on the results, Paragon Globe executive chairman Datuk Sri Edwin Tan Pei Seng said this year's outstanding financial performance underscores the strength of the company's strategic initiatives, prudent land bank optimisation, and diligent execution by the management team. 'The significant increase in our revenue and profitability highlights our successful execution of high-value land sales in Desa Cemerlang and strong market reception for our property developments in Pekan Nenas, Johor,' he said in a statement. The property development segment remained the group's primary revenue contributor, delivering RM151.5 million in Q4 FY25 and RM306.2 million for the full financial year. This impressive growth was primarily driven by strategic land sales and encouraging take-up of detached factories and shop offices. Paragon Globe also made significant progress on its sustainability agenda, signing a memorandum of collaboration with GreenRE Sdn Bhd in April 2025. This strategic collaboration will enable the group to adopt GreenRE's recognised certification standards, reinforcing its commitment to sustainable and responsible development in alignment with national ESG goals. 'We remain optimistic about the prospects ahead, particularly given Johor's accelerating development initiatives such as the Johor-Singapore Rapid Transit System and the Johor-Singapore Special Economic Zone. 'These initiatives are anticipated to stimulate economic activity and the property market, presenting substantial opportunities for our upcoming residential and industrial projects,' Tan said. Paragon Globe is firmly focused on sustaining its growth momentum by leveraging strategic opportunities, upholding disciplined financial management, prioritising sustainability, and delivering high-impact developments. With a solid project pipeline and continued market interest, the group is well-positioned to generate strong financial performance and long-term value for its shareholders and stakeholders.
New Straits Times
21-05-2025
- Business
- New Straits Times
DC Healthcare narrows losses, posts higher revenue in Q1
KUALA LUMPUR: DC Healthcare Holdings Bhd's net loss narrowed to RM839,000 in the first quarter ended March 31, 2025 (1QFY25) from a net loss of RM7.9 million a year earlier. This is supported by a higher gross profit of RM9 million, a significant increase from RM1.22 million last year. Its revenue jumped 89 per cent to RM17.9 during the period from RM9.45 million previously, driven by higher redemption rates for aesthetic services and improved cash sales collection due to strong consumer interest in aesthetic treatments and expanding service capacity. The aesthetic segment contributed RM14.86 million or 83 per cent of total revenue, representing a 104 per cent increase from RM7.27 million in a year ago. Featured Videos Managing director Dr Chong Tze Sheng said the improvement reflects the company's dedication to enhancing treatment offerings, improving operational execution and expanding market access. "DC Healthcare remains focused on delivering sustainable growth through several strategic pillars. "The company is strengthening its brand ecosystem by integrating Dr Chong Clinic, Dr Chong Slimming and NewB Premium Skincare, while broadening its skincare product portfolio to capture a larger share of the aesthetic and wellness market," he said in a statement. DC Healthcare is also enhancing patient engagement by introducing artificial intelligence-assisted skin analysis and personalised treatment plans, aimed at optimising treatment outcomes, improving service quality, and driving customer retention.
New Straits Times
21-05-2025
- Business
- New Straits Times
Perdana Petroleum posts net loss of RM18mil in Q1
KUALA LUMPUR: Perdana Petroleum Bhd slipped into the red with a net loss of RM18 million in the first quarter of financial year 2025 (1QFY25) from a net profit of RM6 million a year earlier. This is due to lower revenue and lower contribution from third party vessel chartering and marginally increase in vessels direct costs, according to its filing with Bursa Malaysia today. Perdana Petroleum said vessels direct cost remains high despite the lower utilisation rate, due to the costs incurred in getting the vessels ready for long-term contract with oil majors that require higher standards. Its revenue fell 62 per cent to lower vessel utilisation rates of 31 per cent as compared to 62 per cent achieved a year ago, as well as lower third-party vessels chartering from RM36.7 million to RM7.9 million. In a statement, Perdana managing director Jamalludin Obeng said the first quarter marked a transitional period for the company, as it focused on investing in vessel readiness to meet the stringent requirements of an upcoming long-term charter. "The quarter was also marked with low vessel utilisation as there was a lack of project spillovers, coupled with slower offshore activities. "Although the year began slowly, we remain cautiously optimistic of an uptick in utilisation as the offshore market gradually strengthens," he said. Jamalludin said the global energy landscape remains volatile, shaped by intensified trade tensions and new tariffs. On the domestic front, he said the outlook remains encouraging with Petronas reaffirmed its commitment to upstream development, with its 2025-2027 Activity Outlook targeting stable national oil and gas production of two million barrels of oil equivalent per day. "The Malaysia Bid Round 2025, launched earlier this year, is expected to draw new exploration investments and signal continued growth for offshore services," he added. Jamalludin said while the offshore support vessel market continues to face supply constraints due to limited new builds, largely attributed to ESG-linked financing challenge, this as an opportunity to reposition strategically. "We are staying the course with prudent financial and operational management while embracing opportunities to refresh our fleet and enhance efficiency," he said.
