TOP PAGE
ENGLISH
JAPANESE
|
CONNECT WITH US:
Home
About
Services
Contact
Log in
*
Home
Press release
Nov 24, 2022 15:00 JST
Source:
Bintai Kinden Corporation Bhd
Bintai Kinden Revenue Increased 136% in 2Q FY2023
Company assessing risks and opportunities to grow as an investment conglomerate
PETALING JAYA, Malaysia, Nov 24, 2022 - (ACN Newswire) - Bintai Kinden Corporation Berhad (Bursa: BINTAI, 6998), a mechanical and electrical (M&E) engineering services specialist, today announced that the Company registered a 136.6% increase in revenue to RM40.56 million for the second quarter ended 30 September 2022 (2Q FY2023) compared with RM17.14 million in 2Q FY2022 mainly due to higher contribution from M&E projects recovering from the negative impact of the COVID-19 pandemic.
Executive Director of Bintai Kinden, Azri Azerai
For the quarter under review, the Company's profit before tax (PBT) recorded a decline to RM193,000 compared with RM244,000 in 2Q FY2022 mainly due to higher cost. Gross profit margin for 2Q FY2023 stood at 15.35% compared with 43.06% in 2Q FY2022 after taking into account contribution by variation order of completed projects of the M&E business.
Bintai Kinden registered a 142.94% rise in revenue of RM71.44 million for the six months ended 30 September 2022 (1H FY2023) compared with RM29.41 million in the corresponding period of the previous financial year. PBT for 1H FY2023 declined to RM1.16 million compared with RM1.50 million reported in 1H FY2022.
En. Azri Azerai, Executive Director of Bintai Kinden said, "We consider the continuing growth in economic activities following two years of lockdowns as a positive sign for more opportunities in M&E engineering services in Malaysia and Southeast Asia where our focus remains. The growth in revenue in the quarter under review is proof of the continuing recovery which we do not take for granted as we assess the risks and opportunities to grow as an investment conglomerate by taking stakes in unique and niche businesses with huge potential."
"We are actively looking for more earnings accretive acquisitions. We are diversifying into the provision of telecommunication services to healthcare centres through a strategic venture under our indirect subsidiary, Johnson Medical International Sdn Bhd (JMI) that we announced earlier in November. We are also leveraging on JMI's healthcare solutions and medical support systems expertise to explore the Middle East, which is a growing market. Through our 51%-owned Bintai Energy Sdn. Bhd., we are in a partnership distributing flanges and other related piping products in Indonesia for oil and gas (O&G) projects."
Bintai Kinden's total orderbook is RM109.92 million, with RM102.43 million from M&E projects and RM7.49 million from O&G projects.
Bintai Kinden Corporation Berhad: 6998 [BURSA: BKC],
http://bintai.com.my/
Source: Bintai Kinden Corporation Bhd
Sectors: Daily Finance, Energy, Alternatives, Daily News, Local Biz, Oil & Gas
Copyright ©2025 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
Related Press Release
Bintai Kinden Announces RM3.5 Million Contract Win for Subsidiary Johnson Medical International
October 30 2023 20:00 JST
Bintai Kinden Pressures Melaka Government on Unimel Project Payments
March 29 2023 20:00 JST
Bintai Kinden Posts 9M Revenue of RM93.80 Million
February 28 2023 19:00 JST
Bintai Kinden Wins RM14.2 Million Project from TNB
February 10 2023 18:00 JST
SCIB and Bintai Kinden in Strategic Alliance
February 07 2023 14:10 JST
Bintai Kinden Redesignates Ku Chong Hong as Group Managing Director
January 20 2023 16:00 JST
Bintai Kinden Ventures into Digital Assets
January 10 2023 14:00 JST
Bintai Kinden Expands Further into O&G
January 03 2023 13:00 JST
Bintai Kinden Awarded RM39 Million Project from TNB
November 25 2022 18:00 JST
Bintai Kinden Ventures into Telco through Agreement with MN Permai Netcom
November 10 2022 13:00 JST
More Press release >>
Latest Press Release
TANAKA PRECIOUS METAL GROUP and TANAKA MIRAI Lab. Successfully Carries Out Space Protein Crystallization Experiments
Aug 22, 2025 03:00 JST
NEC digital technologies to empower small-scale producers in Africa in partnership with IFAD
Aug 21, 2025 20:32 JST
Sharp Corporation and Sharp Energy Solutions Corporation Sign Memorandum of Understanding with Mitsui O.S.K. Lines, and AAR Japan for Donation of Solar Modules to Kenya
Aug 21, 2025 20:15 JST
Aiming to Build Battery Ecosystem, Toyota and Mazda Start Tests of Energy Storage System Using Electrified Vehicle Batteries
Aug 21, 2025 19:50 JST
NEC signs Memorandum of Cooperation with the Senegalese government, CFPT-SJ, JICA, and four Japan-based companies for vocational training in Senegal
Aug 21, 2025 19:27 JST
Sharp Corporation and Sharp Energy Solutions Corporation Sign Memorandum of Understanding with Mitsui O.S.K. Lines, and IOM to Advance Cooperation through Renewable Energy
Aug 21, 2025 19:07 JST
Kingsoft Announces 2025 Interim and Second Quarter Results
Aug 21, 2025 12:16 JST
NEC develops robot control technology using AI to achieve safe, efficient autonomous movement even at sites with many obstacles
Aug 21, 2025 10:39 JST
Hengdeli Announces 2025 Interim Results
Aug 20, 2025 20:52 JST
Emperor W&J Announces 2025 Interim Results, Revenues from Hong Kong and Mainland China Increase by 9% Respectively
Aug 20, 2025 20:00 JST
Honda Establishes New Subsidiary in India for Retail Financing Services
Aug 20, 2025 18:15 JST
Sharp Introduces Conversational AI Character "Poketomo"
Aug 20, 2025 16:22 JST
Collaborate with BNI, JCB Launch the 1st JCB Corporate Card in Indonesia
Aug 20, 2025 16:00 JST
NEC collaborates with WFP to strengthen cooperative development in Africa
Aug 20, 2025 15:53 JST
Hitachi High-Tech and NOF Metal Coatings use materials informatics to improve the efficiency and sophistication of research and development work
Aug 19, 2025 16:38 JST
NEC and ClimateAi Develop Conceptual Model to Promote Climate Change Adaptation in Agriculture
Aug 19, 2025 11:33 JST
Value Research Center to host The Valuism Conference 2025 on August 28-29 (Hybrid Format)
Aug 19, 2025 11:00 JST
Fujitsu signs new licensing agreement with Palantir
Aug 19, 2025 10:55 JST
The 35th Food Expo and concurrent fairs attract over 500,000 visits
Aug 18, 2025 21:07 JST
Team Mitsubishi Ralliart Triumphs at Asia Cross Country Rally 2025 with Chayapon Yotha's Overall Victory and Team Award
Aug 18, 2025 15:22 JST
More Latest Release >>