KUALA LUMPUR: Samaiden Group Bhd’s web profit jumped almost four-fold to RM4.19mil in the third quarter ended March 31 (3Q) in contrast with RM1.07mil posted final 12 months.
The renewable vitality (RE) specialist’s income surged to RM43.8mil in the third quarter from RM9.03mil a 12 months in the past.
For the nine-month interval ended March 31, Samaiden posted a web profit of RM8.52mil, up 104% from RM4.17mil a 12 months earlier, whereas income elevated 243.07% to RM97.04mil in contrast with RM28.28mil final 12 months.
Group managing director Chow Pui Hee mentioned, “We proceed to see plenty of curiosity in RE given the federal government’s push to scale back carbon dioxide emissions underneath the fourth cycle of the large-scale photo voltaic programme (LSS4).”
“This has been encouraging for us in terms of our financial performance as we have secured approximately RM300mil in EPCC contracts under the fourth cycle LSS scheme, net energy metering and self consumption scheme since the start of FY2022,” she mentioned.
The group presently has an impressive orderbook of RM410mil.
“We are cautiously optimistic that Samaiden’s monetary efficiency for the remainder of FY22 will probably be passable because the pipeline of RE initiatives will enhance because of the authorities’s drive for extra environmentally pleasant and greener sources of vitality,” Chow mentioned.
