Kee Ming Group Bhd kicked off FY27 on a strong note, with first-quarter net profit rising 6.1% quarter-on-quarter to RM6.45 million as revenue climbed 15.6% to RM48.4 million.
The mechanical and electrical (M&E) engineering solutions provider said the higher revenue was driven by stronger contributions from the industrial, commercial and residential sectors, while its profit after tax margin stood at 13.3%.
Gross profit came in at RM11.43 million, translating into a 23.6% margin, with the moderation from the preceding quarter mainly due to changes in project mix and the recognition of lower-margin variation orders.
M&E engineering services remained Kee Ming’s core business, contributing about 99.9% of 1Q27 revenue.
As at June 30, 2026, the group’s outstanding order book expanded 35.9% to RM206.4 million from RM151.9 million at end-March, supported by a RM21.36 million hyperscale data centre electrical engineering contract and a RM70 million solar infrastructure contract secured in June.
Managing Director Ir Liew Kar Hoe said the stronger revenue, higher net profit and enlarged order book provided a solid platform for project execution in FY27, while the latest data centre and solar wins underscored the group’s electrical engineering, high-voltage and interconnection capabilities.
The group entered FY27 following a strong FY26, when revenue surged 142.7% to RM151.49 million and net profit nearly doubled to RM16.27 million.
Looking ahead, Kee Ming remains positive on Malaysia’s M&E engineering market, supported by industrial expansion, infrastructure development, data centre investments and the energy transition, while continuing to deploy IPO proceeds to expand its project team and strengthen operating efficiency.
