KUALA LUMPUR, February 4 – In a remarkable financial turnaround, Aneka Jaringan Holdings Berhad has reported robust results for the first quarter ended 30 November 2023 (“1Q FYE2024”). The company achieved a revenue of RM58.78 million, marking an impressive 11.23% increase from RM52.85 million in 1Q FYE2023, attributed to heightened project activities during the period. With a gross profit of RM3.05 million in 1Q FYE2024, compared to a gross loss of RM0.95 million in the same quarter of the previous year (“1Q FYE2023”), Aneka Jaringan has now recorded two consecutive profitable quarters, emphasizing its strengthened operational efficiency and financial recovery.
Quarter-over-quarter, revenue surged by 14.10%, reaching RM58.78 million in 1Q FYE2024 from RM51.52 million in 4Q FYE2023. The Group’s profit before tax and after tax demonstrated substantial growth, increasing by 22.01% and an impressive 292.35%, reaching RM1.53 million and RM1.39 million, respectively, in 1Q FYE2024. Pang Tse Fui, Managing Director of Aneka Jaringan, expressed confidence in the company’s ability to thrive in challenging market conditions and highlighted their commitment to sustaining positive momentum and delivering value to stakeholders in FYE2024 and beyond. As of 1Q FYE2024, Aneka Jaringan’s total order book has grown significantly to RM253.59 million, with substantial contributions from both Malaysian and Indonesian operations.
