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Hartanah Kenyalang Posts RM1.3 Million In Net Profit On Construction Gains
Hartanah Kenyalang Bhd reported a net profit of RM1.3 million for the second quarter ended April 30, 2025, on the back of RM30.1 million in total revenue, primarily driven by its building construction services segment.
The segment contributed RM21.6 million, or 72% of total revenue, with major contributions from ongoing and completed projects such as the State Archive Project, Yayasan International Schools in Sibu and Kuching, and the Sekolah Daif projects in Tambay and Tebedu.
While this marks the company's first interim financial report following its ACE Market listing, the group's revenue was 32.8% lower compared to the preceding quarter's RM44.8 million, largely due to the near-completion or handover of several key projects.
For the six-month period, Hartanah Kenyalang posted RM74.9 million in revenue and RM3.2 million in net profit.
Looking ahead, the group remains optimistic, citing positive momentum in Sarawak's construction industry as a key driver for future growth. Related
