MGB Berhad (MGB), a subsidiary of LBS Bina Group Berhad specialising in construction and property development, has reported robust financial results for the second quarter of the financial year ending 31 December 2024 (Q2FYE2024).
The Group's property development segment experienced a significant boost during the quarter, largely due to accelerated progress in key projects such as Idaman Melur and Idaman Cahaya Phase 1 & Phase 2. This led to an eleven-fold increase in the segment's revenue, which surged from RM13.3 million in Q2FYE2023 to RM149.5 million in Q2FYE2024. Consequently, MGB's overall revenue rose by 15.2% year-on-year, reaching RM268.0 million.
This revenue growth translated into a substantial increase in profits. The Group's profit before tax (PBT) rose by 30.6% to RM22.0 million, up from RM16.8 million in the same period last year. Similarly, profit after tax ("PAT") grew by 27.1%, reaching RM15.8 million compared to RM12.4 million in Q2FYE2023. These positive financial results reflect MGB's continuous efforts to enhance operational efficiency and implement cost-saving measures, leading to improved margins.
For the first half of the year ending 30 June 2024, MGB reported an 18.4% year-on-year increase in revenue, from RM410.4 million to RM485.9 million. This growth was driven by a significant contribution from the property development segment, which saw revenue jump from RM22.5 million to RM237.1 million due to higher development progress across several key projects, including Idaman Sari and Saujana Indah Phase 1 & Phase 2.
MGB Group Executive Chairman Tan Sri Ir. (Dr.) Lim Hock San expressed confidence in the company's ongoing success. "Our second-quarter performance highlights our ability to deliver consistent results. The strong growth momentum from our property development segment will continue, particularly with the newly launched Idaman Perdana under the Rumah Idaman project," he said.
In addition to its property development achievements, MGB successfully completed three construction projects—Alam Perdana Ritma, Cybersouth @ Kita Mekar, and Idaman BSP—with a combined gross development value (GDV) of RM719.0 million. The Group's order book stands at approximately RM1.27 billion as of 31 July 2024, with unbilled property development sales of around RM700 million. MGB has also secured new contracts totalling RM396.4 million year-to-date, expected to positively impact earnings in the coming years.
MGB remains focused on operational excellence, disciplined cost control, and expanding its affordable housing developments. The Group is also making strides internationally, particularly in Jeddah, Saudi Arabia, where it is actively involved in the supply and installation of precast concrete products.
LBS Bina Group Berhad旗下专门从事建筑和房地产开发的子公司MGB Berhad (MGB)公布了截至2024年12月31日的财政年度第二季度(Q2FYE2024)的强劲财务业绩。
该集团的房地产开发板块在本季度经历了显著增长，这主要是由于Idaman Melur和Idaman Cahaya第一和第二阶段等关键项目的进展加快。这导致该细分市场的收入增长了11倍，从 Q2FYE2023 的1330万令吉激增至 Q2FYE2024 的14950万令吉。因此，MGB的总收入同比增长15.2％，达到26800万令吉。
这种收入增长转化为利润的大幅增长。该集团的税前利润（PBT）从去年同期的1680万令吉增长了30.6％，至2200万令吉。同样，税后利润（“PAT”）增长了27.1％，达到1580万令吉，而 Q2FYE2023 的税后利润为1240万令吉。这些积极的财务业绩反映了MGB为提高运营效率和实施成本节约措施所做的持续努力，从而提高了利润率。
在截至2024年6月30日的上半年，mGB报告收入同比增长18.4％，从41040万令吉增至48590万令吉。这一增长是由房地产开发板块的重大贡献推动的，该领域的收入从2250万令吉跃升至23710万令吉，这要归因于包括Idaman Sari和Saujana Indah第一和第二阶段在内的几个关键项目的开发进度有所提高。
mGB 集团执行主席 Tan Sri Ir.（博士）林福山对公司的持续成功表示了信心。“我们第二季度的业绩凸显了我们取得稳定业绩的能力。他说，我们的房地产开发板块的强劲增长势头将继续下去，尤其是在Rumah Idaman项目下新推出的Idaman Perdana的强劲增长势头。”
除了房地产开发成就外，mGB还成功完成了三个建筑项目——Alam Perdana Ritma、Cybersouth @ Kita Mekar和Idaman BSP——总开发价值（GDV）为71900万令吉。截至2024年7月31日，该集团的订单量约为12.7令吉，未开票的房地产开发销售额约为70000万令吉。今年迄今为止，mGB还获得了总额为39640万令吉的新合同，预计将对未来几年的收益产生积极影响。
mGB仍然专注于卓越运营、严格的成本控制和扩大其经济适用房开发项目。该集团在国际上也取得了长足的进步，特别是在沙特阿拉伯的吉达，它积极参与预制混凝土产品的供应和安装。
