SCIB Posts Revenue of RM32.4 Million for 3Q
2023年5月25日 - 11:00PM
Civil engineering specialist Sarawak Consolidated Industries
Berhad (SCIB) today announced that the Group recorded a revenue of
RM32.4 million for the third quarter ended 31 March 2023 (3Q
FY2023) compared with a revenue of RM37.5 million for the
corresponding quarter of the previous financial year.
For the quarter under review, the Company registered a profit
before tax (PBT) of RM0.2 million compared with a loss before tax
(LBT) of RM2.0 million in the corresponding quarter 3Q FY2022. For
the nine-month period ended 31 March 2023 (9M FY2023), SCIB
recorded RM98.7 million in revenue compared with RM102.2 million in
the corresponding period of the previous financial year. For 9M
FY2023, the Group's LBT narrowed to RM3.5 million compared with LBT
of RM6.0 million in 9M FY2022.
On a segmental basis, the manufacturing division, which produces
precast concrete and Industrialised Building System (IBS) building
materials, recorded revenue of RM23.2 million in 3Q FY2023 compared
with RM22.1 million in 3Q FY2022 and PBT of RM2.7 million compared
with RM0.7 million. In 9M FY2023, the manufacturing segment
recorded a cumulative revenue of RM68.9 million, as compared to
RM64.9 million in 9M FY2022 and PBT RM4.8 million compared with
The engineering, procurement, construction, and commissioning
(EPCC) division recorded a revenue of RM9.2 million in 3Q FY2023
compared with RM15.1 million in 3Q FY2022 and PBT of RM0.009
million compared with LBT of RM0.66 million. The EPCC segment
registered a cumulative revenue of RM29.4 million in 9M FY2023
compared with RM36.6 million with a cumulative LBT of RM1.44
million compared with LBT of RM1.74 million.
Group Managing Director of SCIB, Encik Rosland bin Othman ("En.
Rosland"), said, "The contribution to revenue in the quarter was
mainly driven by the increase in sales of foundation piles while
the improvement in PBT was mainly due to margins from the sales of
precast concrete products. We have also seen an improvement over
the nine-month period as our LBT has narrowed significantly."
"The Company will continue to leverage on its EPCC expertise to
actively pursue leads for small-to-mid-sized construction projects
across Malaysia where it has a niche and supported by our
manufacturing division's ability to supply precast and IBS building
materials together with building technology."
As at the end of 3Q FY2023, the SCIB's order book stood at a
cumulative contract value of RM495.3 million.
In a separate announcement, the Company has appointed Ms. Toh Beng
Suan as an independent non-executive director today. As a lawyer
with over 20 years of experience, she has advised on the
development, construction, financing, operation, and maintenance of
some of the largest and most complex infrastructure projects in
Malaysia and in the Asian and Middle East regions, as well as
construction law and various forms of construction and engineering
"SCIB is cognisant of the need to be inclusive and will deeply
benefit from having Ms. Toh on board, where she is a representative
of how capable women can play more important and growing roles in
decision-making within the Company," said En. Rosland.
Sarawak Consolidated Industries Bhd: 9237 [BURSA: SCIB],
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