HSS expects clarity on project flows by March

TheStar Thu, Jan 11, 2024 12:00am - 3 months View Original

PETALING JAYA: HSS Engineers Bhd remains positive on its outlook for financial year 2024 (FY24) and expects greater clarity on project flows by March or April.

Although the group did not provide any guidance on project wins for FY24 during its recent Malaysia Corporate Day, HSS expects 2024 to be a better year, according to CGS-CIMB Research.

It noted that in the first nine months of 2023, the group’s core net profit increased by 43% year-on-year, with project replenishment totalling RM300mil.

HSS has a tender book of RM442mil with historically a 50% success rate.


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