Kerjaya Prospek revenue, net profit lifted by higher progress billings

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Kerjaya Prospek revenue, net profit lifted by higher progress billings
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KUALA LUMPUR: Kerjaya Prospek Group Bhd recorded a net profit increase of 10.65% to RM 31.57 million for the second quarter ended June 30, 2023 (Q2’23...

Kerjaya Prospek Group Bhd recorded a net profit increase of 10.65% to RM 31.57 million for the second quarter ended June 30, 2023 compared with RM28.54 million in its corresponding quarter in the previous year, due to higher progress billings underpinned by improved construction works.

For the same period, the group’s construction segment continues to be the main revenue contributor at 99.8% and the trend is expected to continue in the future. He added that year to date, the group has secured a total of RM983.8 million worth of contracts, which included a RM404.4 million contract from BCM Holdings Sdn Bhd for construction works in relation to a proposed residential development project in Kuala Lumpur.

He added that with the conclusion of the recent state elections, the group is positive that Malaysia will achieve political stability and attract more foreign direct investments .

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