Kelington Group Berhad has reported its financial results for the second quarter and the first half of 2024. For the quarter ended 30 June 2024, the company achieved a revenue of RM321.2 million, down from RM424.9 million in the same period last year. The decline in revenue was attributed to major projects in Singapore and Malaysia nearing completion.
Despite this, the Group's gross profit rose by 20.6% to RM55.5 million, leading to an improved gross profit margin of 17.3% compared to 10.8% the previous year. Net profit for the quarter increased by 39.9% year-on-year to RM26.7 million.
For the first half of 2024, Kelington reported a net profit of RM51.5 million on revenue of RM660.5 million, marking a 46.1% increase from RM35.3 million in the first half of 2023. The Ultra High Purity (UHP) division was the primary revenue contributor, generating RM427.6 million, or 65% of the total revenue. The Processing Engineering and General Contracting divisions contributed RM38.8 million and RM128.2 million, respectively. The Industrial Gases division saw a 33% rise in revenue to RM71.3 million due to increased demand for liquid carbon dioxide and other gases.
Chief Executive Officer Ir. Raymond Gan expressed confidence in the Group's growth trajectory, supported by a strong project pipeline and regional tenders. Kelington secured new contracts worth RM564 million in the first half of 2024, bringing the total outstanding order book to RM1.29 billion. The Group is well-positioned to benefit from the expanding global semiconductor industry, which is expected to see the launch of 103 new fabs by 2027.
As of 30 June 2024, Kelington's equity increased to RM396.4 million from RM332.6 million at the end of December 2023, driven by warrant exercises and consistent profits. The Group has proposed a second interim tax-exempt dividend of 2 sen per share, amounting to RM13.6 million, bringing the total dividend declared for the year to 4 sen per share, or RM27.0 million, representing a 52% payout of the net profit for the first half of the year. The Group's balance sheet remains robust, with a cash balance of RM334.1 million and total debt of RM197.7 million.
Kelington Group Berhad已公布2024年第二季度和上半年的财务报告。截至2024年6月30日的季度，该公司实现了3.212亿元(马币)的营业收入，较去年同期的4.249亿元(马币)有所下降。营业收入下降主要归因于新加坡和马来西亚的主要项目即将完工。
尽管如此，该集团的毛利润增长了20.6%，达到5550万(马币)，从而使毛利润率从去年的10.8%提高到17.3%。季度净利润同比增长了39.9%，达到2670万(马币)。
2024年上半年，Kelington的净利润为5150万(马币)，营业收入为6.605亿元(马币)，较2023年上半年的3.53亿元(马币)增长了46.1%。超高纯度(UHP)部门是主要的营业收入贡献者，贡献了4.276亿元(马币)，占总收入的65%。处理工程部门和总承包部门分别贡献了3.88亿元(马币)和1.282亿元(马币)。工业气体部门的营业收入增长了33%，达到7130万元(马币)，主要是由于液体二氧化碳和其他气体需求的增加。
首席执行官Ir. Raymond Gan表示对集团的增长轨迹充满信心，得益于强大的项目管道和区域招标。Kelington在2024年上半年获得了总额为5.64亿元(马币)的新合同，使总未结订单金额达到1.29亿(马币)。该集团有望从不断扩大的全球半导体行业中受益，预计到2027年将有103个新的半导体晶圆厂投产。
截至2024年6月30日，Kelington的股东权益从2023年12月底的3.326亿元(马币)增加到3.964亿元(马币)，受益于权证行权和持续盈利。该集团提议发放第二次内部免税股息，每股2仙，总额为1.36亿元(马币)，使今年全年分红总额达到每股4仙，即2.7亿元(马币)，相当于上半年净利润的52%。该集团的资产负债表保持稳健，现金余额为3.341亿(马币)，总负债为1.977亿元(马币)。
