Highlight Ikhmas Jaya 1Q net profit surges 93.4%
Page 1 of 1
Highlight Ikhmas Jaya 1Q net profit surges 93.4%
Highlight
Ikhmas Jaya 1Q net profit surges 93.4%
KUALA LUMPUR (July 22): Ikhmas Jaya Group Bhd, which is en route to list on the Main Market of Bursa Malaysia on July 27, 2015, saw its net profit surge 93.4% to RM8.49 million or 2.16 sen a share for the first quarter ended March 31, 2015 (1QFY15) from RM4.39 million or 1.11 sen a share a year ago, mainly contributed by a railway track project.
Revenue rose 35.9% to RM76.34 million from RM56.17 million in 1QFY14.
Going forward, the piling specialist expects its performance for the financial year ending Dec 31, 2015 (FY15) to improve on the back of the continued growth expected from the piling and foundation services market in Malaysia.
"Revenue from bore piling is expected to grow in view of our future plan to enhance our bore piling capabilities by expanding our fleet of bore piling machinery," Ikhmas Jaya said in a filing with Bursa Malaysia today.
"The group's manufacturing and installation of prefabricated building system segment is also expected to grow because the Malaysian government has encouraged the usage of prefabricated building system in the construction industry, particularly for the construction of low- to medium-cost houses as this building system can produce a large number of houses at affordable costs," it added.
Earlier, the initial public offer (IPO) of Ikhmas Jaya was oversubscribed 8.16 times.
Ikhmas Jaya’s IPO entails a public issue of 126 million new shares, of which 26 million shares were available for application by the public.
Another 26 million shares are reserved for eligible directors, employees and business associates of Ikhmas Jaya and 74 million were available for application by way of private placement to selected investors.
Ikhmas Jaya 1Q net profit surges 93.4%
KUALA LUMPUR (July 22): Ikhmas Jaya Group Bhd, which is en route to list on the Main Market of Bursa Malaysia on July 27, 2015, saw its net profit surge 93.4% to RM8.49 million or 2.16 sen a share for the first quarter ended March 31, 2015 (1QFY15) from RM4.39 million or 1.11 sen a share a year ago, mainly contributed by a railway track project.
Revenue rose 35.9% to RM76.34 million from RM56.17 million in 1QFY14.
Going forward, the piling specialist expects its performance for the financial year ending Dec 31, 2015 (FY15) to improve on the back of the continued growth expected from the piling and foundation services market in Malaysia.
"Revenue from bore piling is expected to grow in view of our future plan to enhance our bore piling capabilities by expanding our fleet of bore piling machinery," Ikhmas Jaya said in a filing with Bursa Malaysia today.
"The group's manufacturing and installation of prefabricated building system segment is also expected to grow because the Malaysian government has encouraged the usage of prefabricated building system in the construction industry, particularly for the construction of low- to medium-cost houses as this building system can produce a large number of houses at affordable costs," it added.
Earlier, the initial public offer (IPO) of Ikhmas Jaya was oversubscribed 8.16 times.
Ikhmas Jaya’s IPO entails a public issue of 126 million new shares, of which 26 million shares were available for application by the public.
Another 26 million shares are reserved for eligible directors, employees and business associates of Ikhmas Jaya and 74 million were available for application by way of private placement to selected investors.
Cals- Administrator
- Posts : 25277 Credits : 57721 Reputation : 1766
Join date : 2011-09-08
Location : global
Comments : “My plan of trading was sound enough and won oftener that it lost. If I had stuck to it Iâ€d have been right perhaps as often as seven out of ten times.â€
Stock Exposure : Technical Analysis / Fundamental Analysis / Mental Analysis
Similar topics
» Highlight Ikhmas Jaya secures RM161.12m construction job from MRCB
» Hot Stock Ikhmas Jaya falls 6.7% on profit taking
» Highlight Poh Kong 2Q net profit surges 496% on improved profit
» Highlight Hartalega's 3Q net profit surges by 47%
» Highlight Matrix Concepts 1Q net profit surges 199% to RM115.45m
» Hot Stock Ikhmas Jaya falls 6.7% on profit taking
» Highlight Poh Kong 2Q net profit surges 496% on improved profit
» Highlight Hartalega's 3Q net profit surges by 47%
» Highlight Matrix Concepts 1Q net profit surges 199% to RM115.45m
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum
|
|