Aneka Jaringan managing director Pang Tse Fui
KUALA LUMPUR: Aneka Jaringan Holdings Bhd
remains optimistic about the prospects for the financial year ending Aug 31, 2025 (FY25), with plans to actively bid for high-value contracts to replenish its order book and maintain a healthy project pipeline.
The group’s order book for FY24 amounted to RM240.08mil, with RM222.84mil attributed to its wholly owned subsidiary, Aneka Jaringan Sdn Bhd (AJSB), and the balance of RM17.24 million to its Indonesian subsidiary, PT Aneka Jaringan Indonesia (PTAJI).
For FY24, the Group secured projects with a total value of RM178.01mil of which RM134.59mil was awarded to AJSB while PTAJI accounted for the balance RM43.42mil.
“Given the potential material volatility stemming from both domestic and international developments, management remains attentive to fluctuations in material prices and will take the appropriate actions to mitigate the group’s risks in the short term.
“Overall, the group is cautiously optimistic about the group’s financial performance for FY25,” Aneka Jaringan said in a filing with Bursa Malaysia.
In the fourth quarter ended Aug 31 (4Q24), the basement and foundation construction specialist saw its net profit jump to RM1.3mil, or earnings per share of 0.20 sen compared with RM588,000, or 0.09 sen in the same quarter last tear.
The group also reported a revenue of RM56.63mil in 4Q24, a 9.9% increase compared to RM51.5mil last year.
For FY24, Aneka Jaringan posted a net profit of RM3.3mil on revenue of RM211.5mil.
“We are very pleased with our financial performance for both the fourth quarter and the full financial year ended Aug 31, 2024, reflecting our commitment to delivering results even in challenging market conditions,” managing director Pang Tse Fui said.
“Our significant improvement in profit margins, combined with strategic contract wins, demonstrates the resilience of our business model and operational strengths.
“Moving into the next financial year, we will focus on leveraging our strong order book while managing potential material cost fluctuations. Our commitment to creating sustainable value for our stakeholders remains unwavering,” he added.
