Kinergy Advancement posted lower net earnings for Q3, tender pipeline standing at RM3.3b

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KUALA LUMPUR: Kinergy Advancement Bhd’s (KAB) net profit for the third quarter (Q3) ended September 30, 2024 (FY24) slide 70.0% to RM6.10 million from...

KAB has reaffirmed Malaysia’s rising demand for sustainable energy solutions for the current quarter, showcasing its robust performance.

The group’s growth remains robust, driven by the SES segment, which delivered RM86.3 million in revenue, over three times the RM25.8 million recorded in the same period last year. This was fuelled by contributions from new projects and recent acquisitions. Its active tender pipeline has grown to an impressive RM3.3 billion, indicating significant potential and opportunities in sustainable energy and engineering projects on the horizon.

 

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