Vizione Q3 profit surges 120%

TheStar Thu, Apr 25, 2019 10:45am - 4 years View Original


In a statement, Vizione managing director, Datuk Ng Aun Hooi commented: “We will reposition and redeploy resources to compliment the government’s fiscal policy in building more affordable homes in the short to medium term."

In a statement, Vizione managing director, Datuk Ng Aun Hooi commented: “We will reposition and redeploy resources to compliment the government’s fiscal policy in building more affordable homes in the short to medium term."

PETALING JAYA: Integrated construction engineering company Vizione Holdings Bhd ’s net profit surged by 120% to RM17.8mil in its third quarter to Feb 28, 2019, on the back of a 23% jump in revenue to RM165mil.

The higher earnings were mainly attributed to the submarine pipeline project in Penang and the Outer Ring Road project in Sabah.

For the nine-month period, net profit jumped to RM52.23mil from RM15.14mil in the same period of the previous year. Revenue also increased to RM490.21mil from RM302.49mil.

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