BINASTRA Corp Bhd reported a 171.4% increase in net profit the second quarter ended July 31, 2024 (2Q25), reaching RM22.86 million due to a 157.5% revenue surge to RM230.9 million, driven by heightened construction activities and the start of five new projects.

For the first half of FY2025, net profit surged nearly threefold to RM40.96 million.

The company secured 11 new contracts worth RM2.5 billion, boosting its order book to RM3.3 billion, which provides strong earnings visibility.

Binastra shares closed 2.05% higher today at RM1.49, valuing the group at a market capitalisation of RM1.62 billion. — TMR