[ECONPILE HOLDINGS BHD，保持乐观]
Current quarter, profit after tax increased from RM22.1m to Rm23.7m, YoY+7.3%. Order book stood at RM1.2 billion as at 31 March 2018.
In the current third quarter ended 31 March 2018, the Group recorded an increase in revenue of RM42.9 million to RM205.0 million from RM162.2 million in the most preceding quarter ended 31 December 2017. This increase in revenue in the current quarter is due mainly to few projects reaching their advanced milestones. The piling and foundation works from property development projects and infrastructure projects during the current quarter ended 31 March 2018, amounted to RM145.7 million and RM59.3 million respectively, as compared to RM121.4 million and RM40.8 million respectively, in the preceeding quarter ended 31 December 2017.
The prices of concrete has remained rather flattish during the financial period. Econpile remains optimistic on new job wins both in private-initiated property development projects and also on-going infrastructure projects which are technically challenging in both civil engineering and deep-basement works.
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