Sunway Construction's 1Q Net Profit Up 56 Pct To RM118.41 Mln
KUALA LUMPUR, May 18 (Bernama) -- Sunway Construction Group Bhd's net profit for the first quarter ended March 31, 2026 (1Q FY2026) surged by 56 per cent to RM118.41 million compared with RM75.71 million in the same quarter last year, underpinned by higher contributions from all operating segments.
In a filing with Bursa Malaysia today, it said revenue, however, decreased to RM1.02 billion from RM1.40 billion previously.
The group declared a total dividend of 22.8 sen per share in the current quarter for the financial year ending Dec 31, 2026, comprising a single-tier first interim dividend of 7.60 sen per share and a special dividend of 15.2 sen per share.
Its managing director Liew Kok Wing said the group’s healthy outstanding order book, coupled with robust order book replenishment, continues to provide strong visibility for its earnings growth trajectory.
"In 1Q 2026, the group secured RM3.59 billion worth of new orders, achieving more than 50 per cent of its 2026 order book replenishment target," he said in a separate filing.
On prospects, he said the group continues to strengthen its position in Malaysia’s key growth sectors, particularly the advanced technology facilities (ATF) segment, while maintaining a diversified construction order book profile across various sectors, including Sunway Group’s projects.
Within the ATF segment, the group secured three new data centre projects and onboarded a new international hyperscale operator in 1Q 2026, further strengthening its multinational technology client base, he said.
"Sunway Construction has delivered more than 180 megawatt (MW) of data centre capacity to date and is currently managing 10 ongoing projects for global technology clients," said Liew.
He added that the group remains cautiously optimistic for the remainder of 2026, supported by its healthy and diversified outstanding order book of RM8.157 billion.
It remains vigilant amid evolving geopolitical developments and the spillover effects from cost escalation and supply chain disruptions.
-- BERNAMA