Taliworks revenue bounces | The Star


PETALING JAYA: Taliworks Corp Bhd noticed its income rising 23.8% year-on-year (y-o-y) to RM102.3mil whereas internet revenue grew 156% to RM41.4mil for its third quarter ended Sept 30, 2021 (Q3), primarily resulting from greater contribution from its toll division.

The infrastructure firm, engaged in water therapy, provide and distribution, freeway and toll administration, waste administration and development and engineering, informed Bursa Malaysia that its earnings per share in Q3 was 2.05 sen in comparison with 0.8 sen a yr earlier.

The group introduced a 3rd interim single-tier dividend of 1.65 sen per abnormal share, amounting to RM33.3mil, with the ex-date on Nov 30, 2021 and fee on Dec 31, 2021. In monetary yr 2021, Taliworks has to-date declared a complete dividend payout of 4.95 sen per share, translating to RM99.8mil.

“We protect our strategy to concentrate on mature operational cash-generating utilities and infrastructure companies that may generate new revenue streams and supply recurring and secure supply of money stream to the group to assist our dividend coverage. The improved monetary efficiency on this quarter beneath overview mirrored our resilient and sustainable enterprise mannequin, regardless of the financial challenges posed by the Covid-19 pandemic.

“We are going to proceed our efforts to tender for infrastructure initiatives to replenish our order ebook, together with collaborating within the tender for Sg Rasau Water Provide Scheme.

“Going ahead, we’re cautiously optimistic in having a full financial restoration, following the transition to part 4 of the Nationwide Restoration Plan which started on Oct 18, and the reopening of the financial and social sectors,” stated Taliworks government director Datuk Ronnie Lim.

For the 9 months beneath overview, income dropped 5% y-o-y to RM229.8mil, resulting from decrease income from the water therapy, provide and distribution section.

Nevertheless, internet revenue rose 51.4% y-o-y to RM66.3mil for the interval as a toll compensation of RM43.5mil was acquired by its subsidiary Grand Saga Sdn Bhd from the federal government for the non-increase in scheduled toll hike in 2020. Earnings per share for the 9 months was 3.29 sen versus 2.17 sen a yr earlier.

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