Southern Score Builders rides the waves of data centre boom

It was a great run for Southern Score Builders Bhd when the counter surged to a 52-week high of 72 sen in June. For the first quarter ended Sept 30, 2024, Southern Score Builders posted higher net profit of RM7.6 million from RM4.7 million a year earlier. This was on the back of higher revenue of RM39.5 million versus RM28.6 million.

Its increased revenue was mainly due to the start of a new project in July involving the piling work of Platinum Melati Residences project. However, when compared its revenue with the immediate preceding quarter, it was lower mainly due to project Vista Harmoni Sentul Residences is nearing completion. The company was also affected by the slight delay in construction progress of Berlian Setapak 2 Residences and PV 22 Residences piling work.

Moving forward, the company will continue to focus on construction business by actively participating in project tendering. It has secured jobs worth RM933 million this year while Southern Score Builders has some RM1.3 billion in terms of order book. The company is also ‘excited’ about its data centre venture via SJEE Engineering Sdn Bhd, which it is buying a 51% stake.

In May this year, Southern Score Builders entered into a conditional shares sale and purchase agreement to buy 51% stake in SJEE for RM22.95 million cash.