KUALA LUMPUR (Aug 19): Electrical engineering firm CBH Engineering Holding Bhd’s (KL:CBHB) net profit for the second quarter doubled to a record high, fuelled by record revenue combined with improved project margins.
Net profit for the three months ended June 30, 2026, rose to RM24.53 million from RM10.11 million a year earlier, while revenue doubled to RM120.93 million from RM59.68 million, according to the company's bourse filing on Wednesday.
It declared an interim dividend of 2.7 sen per share to be paid on Sept 30.
For the first six months of the year, net profit surged to RM42.73 million from RM15.84 million a year earlier, as revenue rose to RM210.47 million from RM96.12 million.
CBH Engineering anticipates “favourable outcomes” in coming quarters, as it actively pursues opportunities across both data centre and non-data centre segments.
“The group remains cautiously optimistic on its prospects in the power distribution systems industry, supported by its competitive positioning, commendable business fundamentals and favourable general industry outlook,” the company said.
Its cumulative outstanding order book stood at RM744 million at end-June, it noted.
RM246 mil data centre substation job
Meanwhile, CBH Engineering has secured a RM246 million contract to supply a substation for a data centre project in Johor.
The contract for the delivery and installation of high-voltage transformers and associated equipment of a 275kV substation was secured by the company's wholly-owned unit, CBH Engineering Sdn Bhd, on July 21, according to a separate filing.
The job commenced on July 3 and will be completed on Sept 15, 2028.
The contract was secured from an undisclosed private company incorporated in Malaysia, principally engaged in data centre services and telecommunication (network service), information technology services, artificial intelligence graphic processing units (GPU) services, said CBH Engineering.
The identity of the company could not be disclosed due to a non-disclosure agreement, it added.
Shares of CBH Engineering ended five sen or 6.76% higher at 79 sen, valuing the company at RM1.48 billion. Against its IPO price of 28 sen when it listed in January, the counter has more than doubled.