KUALA LUMPUR: Integrated engineering solutions provider, Kelington Group Bhd reported a robust financial performance in the third quarter (3QFY21) and nine months ended Sept 30, 2021 and it is upbeat about its prospects. In 9MFY21, Kelington posted a record-breaking financial performance as revenue rose 30% to RM337.6mil and net profit more than doubled to RM20.9mil as compared to previous corresponding period (9MFY20). “The process engineering and general contracting segments contributed 12% and 11% respectively to the total revenue,” it said. “We are confident to secure more projects in the coming months which will further elevate our financial performance in the foreseeable future. Kelington remains in a healthy net cash position of RM50.1mil with total cash exceeding total debt.

Source: The Star November 30, 2021 23:42 UTC