KUALA LUMPUR: Sunway Construction Group Bhd (SunCon), which is en route to a listing on the Main Market of Bursa Malaysia next Tuesday, posted a net profit of RM34.37 million, or  earnings per share of 2.66 sen, for the first financial quarter ended March 31, 2015 (1QFY15), on a revenue of RM496.1 million.

In a filing with Bursa yesterday, SunCon said there were no comparative figures for the preceding year’s quarter and year-to-date, as these are the first set of interim financial results announced by the group to comply with the Main Market listing requirements of Bursa.

The group’s 1QFY15 revenue of RM496.1 million comprised a RM421 million contribution from its construction segment and RM75.1 million from its precast concrete segment.

“The revenue and profit before taxation for the current quarter were mainly contributed by our ongoing local construction projects and our supplies of precast concrete products to projects in Singapore,” said SunCon.

On prospects, SunCon said growth in the country’s construction sector will be mainly driven by government-initiated projects “This bodes well for the group as we are currently undertaking the construction of the Klang Valley MRT Package V4, Section 17 Petaling Jaya to Semantan Portal and LRT Package B (Kelana Jaya Line Extension),” said SunCon.

This article first appeared in The Edge Financial Daily, on July 24, 2015.