Sarawak Consolidated On Solid Grounds With Healthy Order Book

Sarawak Consolidated Industries Berhad announced that the company recorded revenue of RM161.5 million for the quarter ended 30 June 2021.

Despite registering a loss before tax of RM19.02 million this was mainly due to additional provisions for project cost from the repositioning of business strategy and an impairment loss of RM14.4 million.

On a segmental basis, the construction/ EPCC division continued to be the largest contributor to revenue at RM161.5 million, followed by the manufacturing division, which recorded revenue of RM20 million.  

For the cumulative 18 months under review, Sarawak Consolidated recorded revenue of RM852.8 million while in the same period, it recorded profit before tax of RM65.2 million and profit after tax of RM55.3 million. Impressively the company’s order book value stood at RM1.6 billion which translates into healthy earnings possibly up to 2030.

CEO, Rosland bin Othman added that the company’s advantage was it being the largest precast concrete and Industrialised Building System manufacturer in East Malaysia. Also the company has three integrated factories and wharf facility for shipments across Borneo to supply up to 500,000 tonnes of concrete products annually.

Among projects that it has successfully secured are mixed development projects in Sarawak, 1Malaysia Housing Programme (PR1MA) in Kelantan, Program Perumahan Awam Malaysia housing project in Perak, road maintenance project in Terengganu, as well as the establishment of solid waste transfer station, medical equipment supplies and commissioning project for a specialist hospital in Johor.

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