SEB 5163 Share Price

The Group recorded its revenue and profit after tax of RM 294.98 million and RM 2.99 million respectively for the financial year ended 30 June 2024 as compared to the revenue of RM 274.82 million and profit after tax of RM 4.62 million for the preceding financial year. The increase in revenue of RM 20.16 million was mainly due to increase in revenue from projects in construction industries while decrease in profit after tax of RM 1.63 million was mainly due to increase of project financing cost. Moving forward, The Group will emphasize on leveraging on group synergies to explore and broaden its customers base and products in offering civil construction, structural steel, piping and architectural works for projects and plants expansion with improved project management and execution plan while maintaining its business in pressure vessel fabrication.

The Group registered revenue and profit before tax for the Current Quarter at RM 63.58 million and RM 1.23 million respectively as compared to the immediate preceding quarter ended 30 June 2022 revenue and profit before tax of RM 71.45 million and RM 1.40 million respectively. The lower profit after tax was mainly attributable by low revenue and gross profit of the current quarter.

The Group registered revenue and profit before tax for the Current Quarter at RM 43.88 million and RM 1.07 million respectively as compared to the immediate preceding quarter ended 31 December 2021 revenue and profit before tax of RM 48.92 million and RM 1.72 million respectively. The decrease in revenue was mainly due to decrease in revenue contribution from oil & gas industries whereas the increase in operating expenses resulted in lower profit recorded.

The Group recorded its revenue and profit after tax of RM 93.60 million and RM 2.61 million respectively for the FYE2021 as compared with the revenue of RM 73.08 million and profit after tax of RM 3.26 million for the FYE2020. Profit before tax improved mainly due to increase in revenue and contribution from other income. the Group will continue with its strategy to enhance corporate branding value via quality products, timely delivery, sustainable practices and innovation. It will leverage on group synergy strategy with MIE Group to broaden its customers base and products in offering Civil construction, Structural and Architectural works for projects and plants expansion while remain focus on its core business and products by retaining key customers and products

The revenue showed an improvement of 21.31% of RM 3.22 million and the loss before tax increased by RM 1.97 million from profit before tax RM 0.15 million to loss before tax RM 1.82 million. The decrease in revenue and the current quarter loss were mainly due to lower projects margin recorded in projects completed as a result of increasing stiff market conditions arising from the adverse impact of the resurgence of Covid-19 pandemic outbreak.

The Group recorded revenue and profit before tax at RM 17.18 million and RM 1.37 million respectively as compared to the preceding quarter ended 31 March 2020 revenue and profit before tax of RM17.51 million and RM0.43 million respectively. The improvement in results mainly due to completion of project with better profit margin and recognition of deferred tax assets.

The Group registered revenue and profit after tax for the Current Quarter at RM 18.76 million and RM 0.40 million respectively as compared with the preceding quarter ended 30 September 2019 of revenue and loss after tax of RM19.15 million and RM0.33 million respectively. Although there was a drop in revenue, the Group showed positive result due to improved project profit margin and reduction in factory overhead cost.