{
  "id": 1894947,
  "title": "Solarvest Q1 earnings up 19.8pct on stronger revenue, associate contributions",
  "url": "https://urgent.news/2026/08/19/solarvest-q1-earnings-up-19-8pct-on-stronger-revenue-associate",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-19T08:18:32.000Z",
  "source": {
    "name": "New Straits Times",
    "slug": "new-straits-times",
    "url": "https://www.nst.com.my/business/corporate/2026/08/1514566/solarvest-q1-earnings-198pct-stronger-revenue-associate"
  },
  "original_language": "en",
  "account": "Solarvest Holdings Bhd reported a 19.8% increase in net profit to RM19.02 million in Q1 2026, compared to RM15.87 million in the previous year. Revenue also rose 13.2% to RM155.93 million, mainly due to strong performance in utility-scale projects like LSS5 developments and ongoing Corporate Green Power Programme works. The RE industry remains promising, with Malaysia aiming for 70% renewable energy share and net-zero emissions by 2050. As of June 2026, Malaysia had achieved 33% installed RE capacity. Solarvest expects solar energy to drive further growth, targeting 40% RE capacity by 2035. The company remains focused on expanding its order book through LSS6, the Corporate Renewable Energy Supply Scheme, and the Solar Accelerated Transition Action Programme, with an unbilled order book of RM2.37 billion as of June 2026.",
  "summary": "KUALA LUMPUR: Solarvest Holdings Bhd’s net profit rose 19.8 per cent to RM19.02 million in the first quarter ended June 30, 2026, from RM15.87 million a year earlier, driven by higher revenue and increased contributions from associates and joint ventures.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}