ADVANCECON RETURNS TO PROFITABILITY WITH RM1.8 MILLION IN PAT IN Q1 FY2025
Sustained Contract Momentum and Operational Turnaround Underscore Strategic Recovery Path
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KUALA LUMPUR, 28 MAY 2025 – Advancecon Holdings Berhad (前进控股有限公司) (“Advancecon” or “the Group”) (Bursa: 5281), an established provider of earthworks and civil engineering services in Malaysia, has announced a return to profitability for the first quarter ended 31 March 2025 (“Q1 FY2025”), signalling a strong start to the new financial year. The Group recorded a profit after tax (“PAT”) of RM1.8 million, a significant turnaround from the loss after tax (“LAT”) of RM12.7 million posted in the same quarter of the previous year. This performance reflects improvements in operational efficiency, project delivery, and revenue contributions across the Group’s diversified business segments.
Revenue for the quarter rose to RM101.2 million, representing a 7.7% increase year-on-year. The Quarry division remained the primary driver of revenue, buoyed by stronger demand and volume recovery, The Construction and Support Services segment delivered steady performance, underpinned by more stable cost structures and tighter project management. Meanwhile, the Green Energy segment recorded its first profitable quarter, bolstered by revenue from the Group’s LSS4 solar farm, which began operations in late 2024.