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旗下專門從事建築和房地產開發的子公司MGB Berhad (MGB)公佈了截至2024年12月31日的財政年度第二季度(Q2FYE2024)的強勁財務業績。
該集團的房地產開發板塊在本季度經歷了顯著增長，這主要是由於Idaman Melur和Idaman Cahaya第一和第二階段等關鍵項目的進展加快。這導致該細分市場的收入增長了11倍，從 Q2FYE2023 的1330萬令吉激增至 Q2FYE2024 的14950萬令吉。因此，MGB的總收入同比增長15.2％，達到26800萬令吉。
這種收入增長轉化爲利潤的大幅增長。該集團的稅前利潤（PBT）從去年同期的1680萬令吉增長了30.6％，至2200萬令吉。同樣，稅後利潤（「PAT」）增長了27.1％，達到1580萬令吉，而 Q2FYE2023 的稅後利潤爲1240萬令吉。這些積極的財務業績反映了MGB爲提高運營效率和實施成本節約措施所做的持續努力，從而提高了利潤率。
在截至2024年6月30日的上半年，mGB報告收入同比增長18.4％，從41040萬令吉增至48590萬令吉。這一增長是由房地產開發板塊的重大貢獻推動的，該領域的收入從2250萬令吉躍升至23710萬令吉，這要歸因於包括Idaman Sari和Saujana Indah第一和第二階段在內的幾個關鍵項目的開發進度有所提高。
mGB 集團執行主席 Tan Sri Ir.（博士）林福山對公司的持續成功表示了信心。「我們第二季度的業績凸顯了我們取得穩定業績的能力。他說，我們的房地產開發板塊的強勁增長勢頭將繼續下去，尤其是在Rumah Idaman項目下新推出的Idaman Perdana的強勁增長勢頭。」
除了房地產開發成就外，mGB還成功完成了三個建築項目——Alam Perdana Ritma、Cybersouth @ Kita Mekar和Idaman BSP——總開發價值（GDV）爲71900萬令吉。截至2024年7月31日，該集團的訂單量約爲12.7令吉，未開票的房地產開發銷售額約爲70000萬令吉。今年迄今爲止，mGB還獲得了總額爲39640萬令吉的新合同，預計將對未來幾年的收益產生積極影響。
mGB仍然專注於卓越運營、嚴格的成本控制和擴大其經濟適用房開發項目。該集團在國際上也取得了長足的進步，特別是在沙特阿拉伯的吉達，它積極參與預製混凝土產品的供應和安裝。
