KUALA LUMPUR: Fajarbaru Builder Group Bhd
will continue to focus on our core segments—construction, property development, and plantation—to maintain a stable revenue stream.
“While we remain vigilant in navigating external challenges, such as rising interest rates and other uncertainties anticipated in the current financial year, we are confident that our divisions are well-equipped to capitalise on emerging opportunities within their key business areas.
“Barring any unforeseen circumstances, we anticipate delivering a positive performance for the financial year ending June 30, 2025 (FY25),” the turnkey contractor and property developer said in the notes accompanying its financial results.
In the first quarter ended Sept 30, Fajarbaru’s net profit rose three-fold to RM8.4mil, or earnings per share of 1.14 sen compared with RM2.8mil, or 0.38 sen posted last year.
It recorded a revenue of RM136.4mil up 87% from RM73mil.
The overall stronger performance was primarily attributed to the higher revenue contributions from the property development and construction segments.
Fajarbaru has declared an interim single-tier dividend of 1.0 sen per ordinary share for FY25, amounting to RM7.4mil.
The group’s order book currently stands at an impressive RM1.1bil, providing a strong foundation for sustained growth and will provide positive earnings visibility over the coming years.
Group executive chairman Tan Sri Chan Kong Choy said the impressive results demonstrated the resilience of its core segments as well as its ability to adapt to dynamic market conditions.
He said its property development segment, particularly Vierra Residence @ Kinrara, made continuous contributions, while the construction arm also improved as the awarded projects achieved higher work progress.
“As we continue to build on this momentum, we are focused on leveraging the robust demand within the construction and property sectors.
“By maintaining operational discipline, improving efficiencies, and exploring strategic opportunities, we aim to sustain our growth trajectory. This consistent performance underscores our ability to not only deliver excellence but also drive long-term value creation, ensuring that Fajarbaru remains a trusted and reliable partner within the industry.
“Along with projects such as our Medi-City Bandar Cassia Masterplan that is underway, we are positive towards what the future holds for the Group as we ascend to new heights,” Chan said.
