{
  "id": 3930571,
  "title": "Kerjaya Prospek's Q2 net profit rose 23pct, despite registering lower construction revenue",
  "url": "https://urgent.news/2026/08/28/kerjaya-prospeks-q2-net-profit-rose-23pct-despite-registering-lower",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-28T09:18:13.000Z",
  "source": {
    "name": "New Straits Times",
    "slug": "new-straits-times",
    "url": "https://www.nst.com.my/business/corporate/2026/08/1520744/kerjaya-prospeks-q2-net-profit-rose-23pct-despite-registering"
  },
  "original_language": "en",
  "account": "KUALA LUMPUR: Kerjaya Prospek Group Bhd reported a 22.5% increase in net profit to RM66.7 million during the second quarter (Q2) ended June 30, 2026, from RM54.45 million a year ago. Despite this growth, the company's core construction business experienced a decline in revenue, registering lower progress in construction activities. The overall revenue for Q2 2026 dropped to RM403.09 million, compared to RM539.46 million in the previous year, primarily due to reduced construction progress. Construction activities constituted 88.1% of the quarterly revenue, which fell by 20.4% year-on-year to RM909.88 million, down from RM1.14 billion. Despite the decline, the construction segment's profit increased by almost 20% year-over-year to RM115.33 million. For the six-month period, Kerjaya Prospek's net profit rose by 23.4% to RM124.02 million, while revenue decreased to RM849.9 million from RM1.01 billion. The company's CEO and executive director, Tee Eng Tiong, emphasized the resilience of the core construction business and the continued positive contribution from the property segment. Kerjaya Prospek remains committed to executing its existing order book and exploring high-growth areas to complement its core capabilities. The company's acquisition of a 31.0% stake in ES Sunlogy Bhd is expected to enhance its exposure to mechanical and electrical engineering, as well as renewable energy solutions. Moving forward, Kerjaya Prospek will proactively monitor market conditions and implement strategic measures to mitigate risks arising from factors such as currency volatility, oil price increases, and skilled manpower shortages. The group continues to have an outstanding orderbook of RM5 billion in construction contracts as of June 30, 2026. Kerjaya Prospek's stock traded at 7 sen or 2.42% higher on Friday, at RM2.96 apiece, valuing the group at RM3.75 billion.",
  "summary": "KUALA LUMPUR: Kerjaya Prospek Group Bhd’s net profit rose 22.5 per cent to RM66.7 million in the second quarter (Q2) ended June 30, 2026 from RM54.45 million a year ago, despite its core construction business registering lower revenue during the quarter.",
  "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."
}