Aneka Jaringan Posts Revenue of RM53 Million in 1Q FY2023
Aneka Jaringan Holdings Berhad (Bursa: ANEKA, 0226), a basement
and foundation construction specialist, today announced that the
Group recorded a 26.92% gain in revenue to RM52.85 million for the
first quarter ended 30 November 2022 (1Q FYE2023) compared with
RM41.64 million in the corresponding quarter of the previous
financial year (1Q FYE2022).
In the quarter under review, the Group registered a narrower loss
after tax (LAT) of RM4.62 million compared with LAT of RM5.41
million in 1Q FYE2022. Gross loss decreased to RM0.95 million in 1Q
FYE2023 compared with gross loss of RM2.88 million in 1Q FYE2022 on
a decline in material costs.
Managing Director of Aneka Jaringan, Pang Tse Fui said, "The Group
continues to assess and monitor risks while selectively tendering
for projects. We have secured RM52 million in contracts in FYE2023
and we are also increasing capacity in Indonesia to leverage on the
country's growing infrastructure needs while monitoring
developments on the new Indonesian capital of Nusantara in which we
believe would present us a lot of opportunities."
"Although we have seen material prices stabilized, it remains a
concern along with energy and labour costs. China's relaxation of
its zero-COVID policy and the reopening of its economy may mean
volatile material prices as demand grows. To lower labour costs,
the Group will be replacing its outsourced workers with newly
recruited foreign workers as we have been granted a government
quota of 150 workers."
Aneka Jaringan has an order book of RM145.73 million as of 31
October 2022, with Malaysian operations contributing RM138.97
million and Indonesian operations contributing RM6.76 million.
As of 31 October 2022, the Group's tender book stood at RM969.45
million, with tenders in Malaysia valued at RM873.85 million and
tenders in Indonesia valued at RM95.60 million.
Aneka Jaringan Holdings Berhad: 226 [BURSA: ANEKA],
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