{
  "id": 2125359,
  "title": "Crest Builder Q2 revenue surges 84pct on construction boom",
  "url": "https://urgent.news/2026/08/20/crest-builder-q2-revenue-surges-84pct-on-construction-boom",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-20T11:13:28.000Z",
  "source": {
    "name": "New Straits Times",
    "slug": "new-straits-times",
    "url": "https://www.nst.com.my/business/corporate/2026/08/1515456/crest-builder-q2-revenue-surges-84pct-construction-boom"
  },
  "original_language": "en",
  "account": "KUALA LUMPUR: Crest Builder Holdings Bhd's Q2 revenue surged 83.7%, propelled by accelerated construction project execution and bolstered property development performance. Revenue for the quarter, ending June 30, 2026, climbed to RM259.2 million, up from RM141.1 million a year earlier. Pre-tax profit surged 47.5% to RM4.9 million, while PATAMI grew 7.9% to RM2.8 million. The construction division drove growth, with revenue nearly doubling to RM218.4 million, making up 84.2% of total revenue. Property development revenue rose 51.7% to RM29 million, driven by higher sales conversion and progress billings from projects like Interpoint at Bukit Tinggi, Klang, and Centrix at Jalan Ampang. Investment revenue increased 29.9% to RM2.8 million. For the first half, group revenue rose 71.1% to RM436.9 million, with construction revenue up 87.3% to RM362.6 million and property development revenue growing 33.5% to RM50.5 million. Cumulative pre-tax profit climbed 58.9% to RM9.6 million, while PATAMI rose 35.8% to RM6.6 million. Outstanding orders totaled about RM1.9 billion, providing earnings visibility. Group Managing Director Eric Yong highlighted strong progress on ongoing construction projects, which remain on schedule. Looking ahead, the company remains focused on securing viable projects through disciplined tendering, prudent selection, and efficient resource allocation. Amid cost pressures and geopolitical uncertainties, Crest Builder will manage costs and optimize resources to maintain margins.",
  "summary": "KUALA LUMPUR: Crest Builder Holdings Bhd's second-quarter revenue rose 83.7 per cent, led by faster execution of construction projects and stronger contributions from its property development business.",
  "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."
}