MAIN Market-listed integrated builder conglomerate Chin Hin Group Bhd has achieved a 67% year-on-year (yoy) revenue growth to RM951.95 mil (1Q FY2024: RM570.21 mil) alongside a 102% yoy surge in net profit to RM18.34 mil (1Q FY2024: RM9.07 mil).
The group’s building materials division showcased strong operational performance with a 50% increase in pre-tax profit to RM21.78 mil despite a marginal decline in revenue to RM449.09 mil.
This impressive profitability improvement was driven by effective cost optimisation and robust demand across key product segments.
Notably, profitability from the distribution of building materials and the manufacturing of precast concrete and metal roofing surged, underpinned by enhanced production capacities, higher export demand and increasing infrastructure activities.
Its Property Development division significantly accelerated its growth with a revenue of RM187.29 mil – a remarkable jump from RM25.61 mil previously with core-tax profit rising substantially due to higher margin projects and efficient project execution.
The group’s Construction Engineering division also continued its impressive growth trajectory with a revenue of RM174.17 mil or a 78.34% yoy jump driven by robust progress in on-going in-house property development projects and improved billing from key infrastructure developments.
Elsewhere, subsidiary Signature International Bhd maintained its strong momentum with its combined segmental revenue reaching RM247.48 mil.
Revenue from the Kitchen Cabinet Systems totalled RM100.27 mil while the Interior Fit-Out Works segment contributed RM147.20 mil.
As a whole, Signature continues to deliver solid financial results underpinned by a strong order book of RM907 mil in kitchen and wardrobe systems and RM322 mil in interior fit-out projects for a total of RM1.23 bil.
Elsewhere, subsidiary Fiamma Holdings Bhd further supported the group’s growth with consistent contributions by leveraging its extensive distribution network and comprehensive home appliance offerings.
“Our Building Materials, Property Development and Construction Engineering divisions have delivered exceptional growth, underpinned by effective management and strong market conditions,” commented Chin Hin’s group managing director Chiau Haw Choon.
“Signature and Fiamma continue to complement our group’s strategy with strong performances, enhancing our overall market position.”
Looking ahead, Chin Hin maintains a positive outlook backed by strong order books across Property Development (RM2.1 bil unbilled sales), Construction Engineering (RM1.8 bil) and Signature International (RM1.23 bil).
“While we celebrate our financial milestones, we also anticipate the upcoming IPO (initial public offering) of Signature Alliance Group Bhd which aims to raise some RM120 mil to further bolster our capabilities while providing us with additional avenues for growth,” projected Chiau.
At the close of today’s (May 30) trading, Chin Hin was down 3 sen or 1.4% to RM2.11 with 381,200 shares traded, thus valuing the company at RM7.47 bil. – May 30, 2025
