Wasco Bhd, a leading integrated energy services provider, reported a 60% surge in net profit after tax and minority interest (PATAMI) to RM118 million for the nine months ended Sept 30, 2024 (9M24).
The group's revenue also rose 10% to RM1.98 billion, supported by robust project execution and operational efficiencies.
As of Sept 30, 2024, the group's total orderbook remained strong at RM3 billion levels, with the Energy Services division contributing more than 90% of the total.
Wasco Managing Director and Group Chief Executive Officer Giancarlo Maccagno said a healthy tenderbook of RM9.6 billion gave the group solid visibility for future growth.
He added that despite global uncertainties in the energy market, the company is optimistic about maintaining its growth trajectory.
"With a clear strategy and operational momentum, we remain confident in delivering long-term value for stakeholders while advancing decarbonisation efforts," added Maccagno.
