皇冠体育开户(www.hg108.vip)_Mudajaya poised for growth

时间:1周前   阅读:9   评论:1

皇冠体育开户www.hg108.vip)是一个开放皇冠正网即时比分、皇冠体育开户的平台。皇冠体育开户平台(www.hg108.vip)提供最新皇冠登录,皇冠APP下载包含新皇冠体育代理、会员APP,提供皇冠正网代理开户、皇冠正网会员开户业务。

,Group managing director and chief executive officer James Wong Tet Foh said: “It has been a tough two years but we have managed to return to profitability with our strategic thrust towards renewable energy, tighter controls on overhead spending, as well as the initiatives we have undertaken to reduce debt and improve working capital.”

PETALING JAYA: Mudajaya Group Bhd, which recently returned to the black, is poised for growth, especially in its power segment which had bolstered the group’s profit.

In a statement following its AGM yesterday, group managing director and chief executive officer James Wong Tet Foh said: “It has been a tough two years but we have managed to return to profitability with our strategic thrust towards renewable energy, tighter controls on overhead spending, as well as the initiatives we have undertaken to reduce debt and improve working capital.”

According to the statement, one of the key challenges faced by the group, besides the disruption arising from the pandemic, was the shortage of workers.

In an interview with StarBiz, Wong said: “We are fortunate that we still have the foreign workers with us during the pandemic. However, we lost more as their term expired.”

The group had taken various measures to address this issue including securing alternative sources for workers, revising the sequence of works and increasing resources, while also obtaining the necessary extension of time from its clients.

In addition, Wong said the group had recently received a new permit to bring foreign workers into the country.

With these measures, the group expects its current projects to be completed within the allotted contract periods.

On the hike in minimum wages, Wong said: “We were also conscious of the increment in minimum wage coming into play,” adding that the same applies to the increase in raw material costs.

Mudajaya was also allowed to renegotiate its contracts last year, including for the Light Rail Transit 3 (LRT3) project.

Currently, LRT3 is under construction with 70% progress and is expected to be completed by the end of this year, according to Wong.

On the country’s translation to renewable energy progress, Wong said: “While it is good to have renewables, we have not reached the state of stability. However, we are gradually translating to renewables.”

Mudajaya returned to black in its financial year 2021, posting a net profit of RM8.1mil.

In the first quarter ended March 31, 2022 (1Q22), the group posted a net profit RM2.4mil compared to a net loss of RM2.3mil in the same period a year ago.

The net profit for the quarter in review was mostly bolstered by its power segment that recorded a profit after tax of RM4.5mil.

“The group’s financial result is underpinned by earnings from the power sector, as it gives a stability to the earnings,” Wong said, adding that it takes away the fluctuations in the construction sector.

上一篇:彤叔 病重住院

下一篇:逆市中盛宴

网友评论

  • 2022-06-21 00:20:57

      交通运输部中国交通通信信息中心正高级工程师钟南在接受人民网“强观察”栏目记者采访时表示,这主要是得益于以下三方面措施:一是坚决杜绝擅自关闭关停交通基础设施、擅自设置防疫检查站点,严防通行管控层层加码;二是聚焦长三角、珠三角、京津冀等重点区域,全力保障重点港口、航空机场、铁路货站、物流园区等枢纽场站正常运转;三是分类分级推动涉疫地区的物流配送节点、营业网点等尽快恢复运营,畅通微循环。有新意呀