Critical Holdings Berhad announced its financial result for the first quarter ended 30 September 2023, recording RM6.21 million in profit after tax on the back of a revenue of RM49.68 million
There are no comparative figures for the preceding corresponding period as this is the first interim financial report announced by the company ahead of its upcoming listing on the ACE Market of Bursa Malaysia Securities Berhad.
During the quarter under review, Critical Holdings and its subsidiaries MEP engineering solutions segment continued to drive the overall Group revenue, generating approximately RM47.10 million or approximately 94.80% of total revenue. A further breakdown of the segment shows that plantroom makes up for the majority of revenue with approximately 75.78% followed by data centres with 18.23% and lastly cleanroom with 0.79% of total Group revenue. The MEP maintenance and services segment posted the remainder of the total revenue of approximately RM2.58 million or 5.20%.
In terms of gross profit, the Group recorded gross profit of approximately RM9.42 million representing gross profit margin of 18.96%.The higher gross profit margin generated during the quarter under review in comparison to prior full financial years ended 30 June 2020 to 2023 ranging from 14.67% to 17.99% was mainly due to the timing difference in relation to the recognition of revenue and subcontractor costs. Correspondingly, the Company recorded PAT and PAT margin of RM6.21 million and 12.50% respectively.
The company currently maintains a order book amounting to approximately RM264.5 million which is anticipated to contribute positively to the overall future earnings.
