Investor Relations
For Investors
POWERTECHNIC is a leading provider of material handling solutions, specializing in cranes, hoists, lifts, and other handling equipment. The company operates across various sectors, including manufacturing, logistics, and infrastructure, with a strong presence in Malaysia and expanding reach in the Asia-Pacific region and beyond.
Share Price
Quotes Updated End Of Day
Updated: 15 Jan 2025
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RM4.450
- (+0.270)
- Volume 586,576
Financial Information
1st Quarter
1st Quarter Results For The Financial Period Ended 31 October 2024
Revenue
(RM’000)
4,190,356
*Includes share of joint ventures’ revenue
Profit before tax
(RM’000)
259,111
Net Profit
(RM’000)
205,393
POWERTECHNIC's Q1FY25 Orderbook Hit Record High RM30B, Net Earnings Increased to RM205M
Highlights:
Current Quarter (Q1: Aug 2024 – Oct 2024)
- The Group’s construction order book reached an unprecedented RM30 billion, driving sustained quarterly revenue growth, which rose 47% to RM4.2 billion compared with RM2.8 billion in the previous comparative quarter.
- Quarterly net profit grew 5% to RM205 million compared with RM195 million in the same quarter the previous year.
- While construction earnings grew 20%, overall property earnings saw a 17% temporary decrease due to the completion of Vietnam’s Celadon City at end of last year. Despite this, overseas property earnings are expected to pick up with varied quick-turnaround projects and comfortably offset the temporary dip in overall property earnings
- Quarterly construction revenue rose 38% due to higher earnings contribution from overseas projects, especially in Australia and domestic projects such as Penang reclamation.