Sunway Construction Group Bhd announced a revenue of RM544.3 million and profit before tax of RM45.2 million for the current quarter ended 31 March 2018, compared to revenue of RM417.3 million and profit before tax of RM41.9 million in the corresponding quarter of the preceding financial year.
The Group's revenue increased by 30.4% mainly due to the construction segment which was offset by a decline in its precast segment. The Group's margin was slightly affected due to a decline in profitability in the precast segment.
Kejuruteraan Asastera Berhad (‘KAB’), a home-grown electrical and mechanical engineering specialist listed on the ACE Market of Bursa Malaysia Securities Berhad, maintained its positive momentum by registering improved year-on-year performance for its second quarter ended 30 June 2018.
During the quarter under review, KAB posted revenue of RM38.51 million, which was a 29% increase, when compared with revenue of RM29.87 million registered in the corresponding quarter a year ago. Subsequently, KAB’s profit before tax during the said quarter rose to RM4.48 million from RM2.11 million last year, marking a notable increase of 112%.
Hektar Asset Management Sdn Bhd, the Manager of Hektar Real Estate Investment Trust announced that Hektar REIT recorded a higher revenue of RM34 million for the second quarter ended 30 June 2018 (“2Q18”), up 10% from the corresponding period (“2Q17”). Net Property Income (“NPI”) reached RM19.5 million, an increase of 8% for 2Q18 from the preceding year quarter, 2Q17.
“We are pleased that our portfolio optimization exercise which is being carried out throughout all of our 6 shopping malls in our asset portfolio is showing results. This was done on top of active leasing, aggressive marketing and value creation initiatives to improve long-term yields,” said Chief Executive Officer Datuk Hisham bin Othman.