Posted by Jimmy Song > 2017-02-27 19:57 | Report Abuse

Kerjaya Prospek Group Berhad (“Kerjaya” or the “Group”), is pleased to announce its fourth quarter result for the financial year ended 31 December 2016 (“FY2016”) with a revenue of RM235.49 million and profit after tax and minority interest (“PATMI”) of RM26.22 million. For the cumulative four (4) quarters of FY2016, Kerjaya achieved a record revenue and PATMI of RM805.37 million and RM99.97 million respectively. The significant increase in the Group’s top-line and bottom-line was mainly brought on by contributions from the construction division and followed by the property development division. As the Group’s main driver and contributor of 94.7% to the top-line, the construction division recorded revenue of about RM763.00 million and a segmental PAT of RM93.67 million as more work progress for on-going projects intensified. The property development and manufacturing divisions had contributed about 5.3% jointly to the top-line and had combined revenue of RM42.38 million with a segmental PAT of RM9.16 million whereby Kerjaya’s maiden property development project known as “Vista Residences” was the primary contributor. “Our strong fourth quarter result closed off an amazing year for Kerjaya. The Group’s prudent management and RM1.58 billion of contracts secured in 2016 will continue to support the Group’s earnings for the near future. As we embark on a new year, Kerjaya will focus on the delivery of the contracts in hand as we continue to tender for new projects.” said Datuk Tee Eng Ho, Executive Chairman of Kerjaya Prospek Group Berhad.