Fajarbaru makes strong leap back to profitability

Quick Summary:

Fajarbaru Builder Group Bhd reported its strongest earnings in seven years as it staged a turnaround on the back of increasing contribution from its high-rise residential project in Kinrara, Kuala Lumpur.

Fajarbaru’s construction order book totalled RM1.01bil, with RM68mil allocated to internal development projects.

For the fourth quarter of FY24 (4Q24), Fajarbaru recorded a net profit of RM4.83mil as compared to a net loss of RM19.38mil on a year-on-year comparison.

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Article Details

Category: EconomyBusiness

Markets: Malaysia

Topics: /Business/Business News HighRiseProjects EarningsGrowth RecordRevenue Corporate News FajarbaruBuilder

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-30 @ 00:00:00 (2 days ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 579 words

Reading Time: 4 minutes read

Sentences: 16 lines

Sentence Length: 37 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 22301099

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