KUALA LUMPUR, Feb 27 — Construction and trading materials company MGB Berhad delivered impressive financial results as compared to its previous year.

In its financial results submitted to Bursa Malaysia yesterday, the company showed its revenue had soared 648 per cent to RM692.50 million from the previous year.

The company’s Profit After Tax (PAT) has also significantly improved from RM0.32 million to RM34.46 million in the same period.

The significant leap in revenue and PAT were mainly attributed to the full year consolidation of its subsidiary, MITCE’s financial result as opposed to only one month contribution in the previous financial year, with the acquisition completed in November 2016.

As at the latest practicable date, the group’s outstanding construction order book is approximately RM2.28 billion.

In addition to the main building construction works, the group has also ventured into piling activities and successfully secured approximately RM75.81 million worth of external project, amongst others, the sub-contract works for ‘Piling Works — Bau, Lundu and KSR Section (Precast Reinforced Concrete Square Piles and Precast Prestressed Concrete Spun Piles) at Pan Borneo Sabah.

The construction segment will continue to be the main driver of growth to the group’s overall performance.

Its property development segment has given the company a boost, with the encouraging take-up rate of its maiden project, Zenopy Residences.

As at the current financial year, the development project has posted a sales revenue and PAT of approximately RM59.38 million and RM11.49 million respectively.