KUALA LUMPUR (Oct 21): Pintaras Jaya Bhd is targeting a net profit growth of up to 15% for financial year ending June 30, 2015 (FY15).

The profit growth target comes on the back of an anticipated 24% improvement in revenue for the construction firm, Managing Director Chiu Hong Keong told reporters today, after Pintaras' annual general meeting.

“We are hoping for 10% to 15% growth in profit in FY15. We also have a revenue target of RM250 million,” Chiu said.

In FY14, Pintaras reported a net profit of RM54.24 million, on revenue of RM201.91 million. These numbers represented a growth of 17% and 4% respectively, from a year earlier.

Chiu said Pintaras' performance would be backed by the strong outlook for the construction industry, as the Malaysian government has announced several infrastructure projects under Budget 2015.

The group’s orderbook currently stands at RM200 million. Chiu said Pintaras was bidding for about RM1.5 billion worth of projects.

“We are mostly bidding for commercial and residential high-rise buildings,” Chiu said.

Asked if the group will be going into any mergers or acquisitions to expand its business, Chiu said Pintaras had mainly focused on growing organically.

“It is unlikely that we would acquire another piling company. If we can grow our own business ourselves, it makes no sense to acquire another piling company.

"Our effort is concentrated in growing our own business,” he said.

He said Pintaras was targeting to double its current revenue by the year 2020, and hopes to be among the billion-ringgit capitalisation companies listed on Bursa Malaysia.

At noon market break, Pintaras rose three sen or 0.72% to RM4.22, bringing its market capitalisation to RM681.37 million.