KUALA LUMPUR: MN Holdings Bhd
is optimistic about the current financial year ending June 30, 2024 (FY24) performance as a few of the data center projects awarded to the company will be completed.
Managing director Loy Siong Hay said the completion of the data center projects would allow the group to recognised substantial earnings contribution from these projects.
“As at June 30, MN Holdings' order book stands at RM337.67mil. These secured contracts are expected to positively impact the group's earnings over the next two to three financial years, barring any unforeseen circumstances,” he said in a statement.
MN Holdings reported a net profit of RM2.1mil for its fourth quarter ended June 30, (4Q23) versus a net loss of RM1.1mil a year earlier.
Its revenue surged 95.7% to RM49.2mil from RM25.1mi while earnings per share stood at 0.52 sen compared with loss per share of 0.32 sen a year ago.
For FY23, MN Holdings posted a net profit of RM9.6mil on revenue of RM163mil.
