UEM Edgenta Berhad announced its unaudited financial results for the third quarter reporting a solid financial performance, achieving year-to date revenue of RM2.23 billion, a 7.6% increase from RM2.07 billion in the same cumulative quarter last
year.
This also brought its year-to-date net profit to RM33.4 million, reflecting a 16.8% growth compared to the corresponding nine-month period in 2023. The net profit for Q3 FY2024 surged by 97.8% to RM10.4 million, nearly doubling the RM5.2 million recorded in Q3 FY2023.
UEM Edgenta's order book stood at RM9.1 billion as of Q3 FY2024. During the quarter, the company secured additional contracts valued at RM277 million, approximately RM230 million of which came from Asset Consultancy's acquisition of engineering works in Sabah and energy efficiency contracts. These contract wins demonstrate UEM Edgenta's ability to strategically capitalise on market opportunities, ensuring consistent order book replenishment and establishing a solid foundation for future growth.
Looking ahead, the company said it remains committed to bolstering long-term resilience by enhancing core operations and strategically expanding its presence in key markets. A significant driver of this strategy is UEM Edgenta's Healthcare division in Singapore, which has been accredited with the Singapore National Environment Agency's Enhanced Clean Mark Gold Award since 2015. The division has secured over RM900 million in healthcare services contracts across multiple hospitals.
