KERJAYA PROSPEK GROUP BHD - RECORD-BREAKING EARNINGS IN THREE CONSECUTIVE YEARS
CONSTRUCTION
Kerjaya Prospek Group Bhd broke its profit record in the financial year ended Dec 31, 2019 (FY2019). The construction outfit’s profit after tax (PAT) reached a new high of RM140.14 million in FY2019 thanks to new job wins of RM1.3 billion.
In fact, Kerjaya Prospek has been setting new profit records over the past three-year period in review from FY2017 to FY2019, and the years before, against the backdrop of a dwindling number of public projects and the slowdown in the property sector.
The company posted a PAT of RM138.42 million in FY2018 and RM124.47 million in FY2017.
Kerjaya Prospek’s three-year compound annual growth rate of 9% in PAT led to its winning The Edge Billion Ringgit Club’s (BRC) highest growth in PAT award in the construction sector.
The company’s revenue has been above the one billion level for two consecutive years. Its FY2018 and FY2019 revenues were RM1.07 billion and RM1.06 billion respectively, while FY2017 revenue was RM955.67 billion.
Kerjaya Prospek is not new to taking home The Edge BRC award. This is the second straight year the group has won under the category of highest growth in PAT over three years for the construction sector, which highlights the group’s ability to perform consistently despite the challenging environment faced by the industry.