Tag: Bintai Kinden Corporation Bhd

Bintai Kinden Announces RM3.5 Million Contract Win for Subsidiary Johnson Medical International

  • Johnson Medical International Continues to Lead in Healthcare Solutions with New Contract

Bintai Kinden Corporation Berhad (BKCB or the Company; Bursa: BINTAI, 6998), a mechanical and electrical (M&E) engineering services specialist, is delighted to announce that Johnson Medical International Sdn. Bhd (JMI), a 50.5%-subsidiary of BKCB has secured from Blackfox Engineering Sdn. Bhd (BFESB) a RM 3.5 million contract which involves the Supply, Delivery, Installation, Testing, Commissioning, and Maintenance of a Pendant System for the 300-beds Hospital Petrajaya in Petra Jaya, Kuching, Sarawak.

Datuk Tay Chor Han, Managing Director cum CEO of BKCB

Datuk Tay Chor Han, Managing Director cum CEO of BKCB, commented, “We are thrilled for JMI to collaborate with BFESB on this project as it speaks to JMI’s established reputation as a competitive local Pendant System Specialist supplier. Coupled with the Mechanical and Electrical expertise of the BKCB Group backing us to undertake even more complex and high-value projects, we are optimistic that JMI will continue to advance its high-quality services and products offerings.”

This latest contract win joins a line of successful projects that JMI was previously been involved in, such as Hospital Tanjong Karang, Hospital UTAR, Hospital Cyberjaya, and Hospital Putrajaya, among others. The 380-day contract not only fortifies the Company’s revenue stream but also highlights JMI’s proficiency in medical infrastructure solutions.

Boasting numerous patents and registered designs, Johnson Medical International remains a pacesetter in the realm of modular healthcare solutions. This contract will contribute positively to the Company’s financials for the years ending 31 March 2024 and 31 March 2025.

Bintai Kinden Corporation Berhad: 6998 [BURSA: BKC], http://bintai.com.my/

Bintai Kinden Posts 9M Revenue of RM93.80 Million

Bintai Kinden Corporation Berhad (Bursa: BINTAI, 6998), a mechanical and electrical (M&E) engineering services specialist, today announced that the Company recorded 60.8% gain in revenue to RM93.80 million for the nine months ended 31 December 2022 (9M FY2023) compared with RM58.34 million in the corresponding period of the last financial year (9M FY2022).

The Company reported a loss before tax (LBT) in 9M FY2023 of RM2.22 million compared with profit before tax (PBT) of RM2.62 million in 9M FY2022.

For the third quarter ended 31 December 2022 (3Q FY2023), revenue decreased 22.7% to RM22.36 million compared with RM28.93 million in 3Q FY2022. The Company recorded LBT of RM3.38 million for 3Q FY2023 compared with PBT of RM1.13 million in 3Q FY2022.

En. Azri Azerai, Executive Director of Bintai Kinden said, “The Company’s revenue increase for 9M FY2023 reflected the better contribution from the M&E business. The LBT reflected the higher costs of operations and bad debts incurred in 3Q FY2023. For the quarter under review, revenue decreased due to the lumpiness of projects as the M&E business is highly dependent on the stage of completion of various projects.”

“We expect to see more revenue coming in from the newly awarded projects from Tenaga Nasional Berhad (TNB) over the coming quarters compared to 3Q FY2023 where several of the projects are at the end-stage phase. The Company will continue to assess the risks and opportunities of diversifying into other businesses while ensuring the growth of the M&E business.”

TNB recently awarded a total of RM53.2 million in M&E contracts to the Company for the installation of underground cables, bringing the total unbilled orderbook to RM142.95million.

Bintai Kinden Corporation Berhad: 6998 [BURSA: BKC], http://bintai.com.my/