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.
凱靈頓集團有限公司已經公佈了其2024年第二季度和上半年的財務業績。在截至2024年6月30日的季度中，該公司實現了32120萬令吉的收入，低於去年同期的42.490萬令吉。收入下降歸因於新加坡和馬來西亞的重大項目接近完工。
儘管如此，該集團的毛利增長了20.6％，達到5550萬令吉，毛利率與去年同期的10.8％相比提高了17.3％。該季度的淨利潤同比增長39.9％，達到2670萬令吉。
2024年上半年，凱靈頓公佈的淨利潤爲51.5萬令吉，收入爲66050萬令吉，較2023年上半年的35.30萬令吉增長了46.1％。超高純度（UHP）部門是主要收入來源，創造了42760萬令吉，佔總收入的65％。加工工程和總承包部門分別捐款3880萬令吉和12820萬令吉。由於對液態二氧化碳和其他氣體的需求增加，工業氣體部門的收入增長了33％，達到7130萬令吉。
首席執行官 Ir.在強勁的項目規劃和區域招標的支持下，Raymond Gan表示對集團的增長軌跡充滿信心。凱靈頓在2024年上半年獲得了價值56400萬令吉的新合約，使未償訂單總額達到12.9令吉。集團完全有能力從不斷擴大的全球半導體行業中受益，預計到2027年全球半導體行業將推出103個新晶圓廠。
截至2024年6月30日，受認股權證行使和持續利潤的推動，凱靈頓的股權從2023年12月底的33260萬令吉增至39640萬令吉。該集團已提議第二次派發每股2仙的中期免稅股息，金額爲1360萬令吉，使該年度宣佈的股息總額達到每股4仙或2700萬令吉，相當於上半年淨利潤的52％。該集團的資產負債表仍然強勁，現金餘額爲33410萬令吉，總債務爲19770萬令吉。
