Vizione 1Q net profit jumped to RM15.02m

by TMR

Vizione Holdings Bhd’s net profit for the first quarter (1Q) ended Aug 31, 2018, jumped to RM15.02 million from RM529,000 a year ago due to the construction works undertaken in the quarter by Wira Syukur (M) Sdn Bhd (WSSB).
Revenue for the quarter rose to RM159.51 million from RM21.34 million in 1QFY17. In an exchange filing yesterday, Vizione noted WSSB has a order book of RM3.91 billion comprising projects awarded by the local government and developers in Malaysia.
Vizione said the immediate future will be challenging for the industry but plans to face any challenges by managing operational risks and maximising resources in hand to continue delivering with utmost excellence.