MGB Bhd1, a subsidiary of LBS Bina Group Bhd, announced Wednesday its third quarter (Q3FY2024) revenue increased 12.9% year-on-year (YoY) to RM289.2 million, from RM256.1 million recorded in the previous year, owing to significant contributions from the property development segment which grew four-fold from RM29.2 million to RM132.2 million, according to a press statement circulated by MGB.
Higher revenue was derived from housing projects Idaman Melur, Idaman Cahaya, Idaman Sari as well as Pangsapuri Saujana Indah.
MGB's Group Executive Chairman Tan Sri Datuk Sri Ir Dr Lim Hock San said, "The continuous momentum in our property development and construction segments, especially our affordable housing initiatives such as Rumah Idaman MBI, as well as other projects within the affordable housing segment, remains a focal point for MGB."
As at 30 September 2024, MGB cash and bank balances amounted to RM107.2 million and net assets per share stood at RM1.00. The group has approximately RM1.2 billion in construction orderbook and RM700 million in unbilled sales from property development as of 31 October 2024, which will contribute positively to profitability in the final quarter of 2024.
Accordingly, profit before tax (PBT) for the third quarter rose by 24% YoY from RM17.9 million to RM22.2 million, while profit after tax (PAT) increased by 29.9% YoY from RM 12.7 million to RM16.5 million.
For the nine months period ended 30 September 2024, the property development segment recorded a seven-fold revenue surge, from RM51.7 million to RM369.3 million, resulting in a 16.3% increase YoY of the group's year-to-date (YTD) revenue of RM775.1 million, up from RM666.5 million. In line with the revenue growth, PBT for the nine-month period rose 27.6% YoY from RM50.8 million to RM64.8 million, whereas PAT grew by 26.7% from RM37.4 million to RM47.4 million.
This outstanding performance could be attributed to the management's commitment towards operational efficiency including cost control management across its projects.
MGB Bhd (MGB: Malaysian Generations Builder) was established in 2007 and primarily focuses on cost-effective building solutions especially mass market and affordable living spaces in Malaysia. Through its subsidiaries, MGB provides a full range of design, construction and development services including design and build, project management, civil engineering, value engineering, geotechnical specialisation, and manufacturing in Industrialised Building System (IBS) pre-cast concrete products. MGB has successfully completed more than 29,000 units of properties, particularly in the affordable homes segment, and more than 12,000 homes using the IBS pre-cast technology. ︎
MGb的子公司LBS Bina Group Bhd的MGb Bhd1周三宣布，截至2024财年第三季度(Q3FY2024)，其营业收入同比增长12.9%，达到28920万令吉，而去年同期为25610万令吉，主要得益于房地产开发领域的显著贡献，该业务板块的收入从2920万令吉增长到13220万令吉，增长近四倍，这是根据MGb发布的新闻稿中所述。
更高的营业收入来自Idaman Melur、Idaman Cahaya、Idaman Sari以及Pangsapuri Saujana Indah等住宅项目。
MGb集团执行主席丹斯里拿督斯里伊尔博士林福山表示：“我们在房地产开发和施工领域持续保持增长势头，特别是我们的经济适用房倡议，如Rumah Idaman MBI，以及在经济适用房领域内的其他项目，仍然是MGb的焦点。”
截至2024年9月30日，MGb的现金和银行存款总额达到10720万令吉，每股净资产为1.00令吉。截至2024年10月31日，该集团在施工订单簿中约有12亿令吉，在房地产开发的未开票销售中约为7千万令吉，这将对2024年第四季度的盈利产生积极影响。
因此，2024年第三季度的税前利润(PBT)同比增长24%，从1790万令吉增加至2220万令吉，而税后利润(PAT)同比增长29.9%，从1270万令吉增加至1650万令吉。
截至2024年9月30日的九个月期间，房地产开发板块的收入暴涨七倍，从5170万令吉增至36930万令吉，导致集团截至目前(截至目前的年度总收入)收入同比增长16.3%，从77510万令吉增至66650万令吉。与收入增长同步，截至九个月的税前利润(PBt)同比增长27.6%，从5080万令吉增加至6480万令吉，税后利润(PAt)增长26.7%，从3740万令吉增加至4740万令吉。
这一出色表现归功于管理层在其项目中的操作效率和成本控制管理方面的承诺。
MGb Bhd(MGB:大马世代建筑师)成立于2007年，主要专注于马来西亚经济有效的建筑解决方案，尤其是大众市场和经济适用居住空间。通过其子公司，MGb提供完整的设计、施工和开发服务，包括设计与建造、项目管理、土木工程、价值工程、地质专业化和工业化建筑系统(IBS)预制混凝土产品的制造。MGb已成功完成超过2.9万套房产，尤其是经济适用房领域的房产，以及超过1.2万套采用IBS预制技术的房产。
