VIZIONE NET PROFIT SOARS 120 PCT TO RM17.76 MILLION IN Q3
KUALA LUMPUR, April 24 (Bernama) — Vizione Holdings Bhd’s net profit jumped 120 per cent to RM17.76 million in the third quarter ended Feb 28, 2019 (Q3) compared with RM8.06 million in the same period a year earlier.
Revenue was also up by 23 per cent to RM164.96 million from RM133.86 million previously, mainly attributed to the submarine pipeline project in Penang and the Outer Ring Road project in Sabah.
Its basic earnings per share stood at 3.26 sen versus 0.23 sen before.
“To date, the group has an outstanding order book of approximately RM2.9 billion, which will contribute to the group’s earnings visibility up to calendar year 2022.
“We expect our balance sheet to remain healthy with a current ratio of 1.81 times and gross gearing of 0.05 times,” it said in a statement.