Thu Sep 12 10:22:00 UTC 2024: ## Binastra Corp’s Robust Order Book Secures Earnings Visibility for Four Years

**KUALA LUMPUR** – Construction firm Binastra Corp Bhd has announced a strong order book of RM3.3 billion across 21 projects, ensuring earnings visibility for the next four years. The company secured 11 new contracts totaling RM2.5 billion in the financial year 2025, adding to its existing order book.

This positive outlook is reflected in Binastra’s strong financial performance. The company’s net profit in the second quarter ended July 31 soared to RM22.8 million, a significant increase from RM8.4 million in the same period last year. Revenue for the quarter also jumped to RM230.9 million, compared to RM88.7 million in the previous year.

Binastra attributes this robust performance to increased construction work activities and the commencement of five new projects during the period. The company’s first half (1H25) results also show impressive growth, with net profit reaching RM40.9 million, a 189% increase from RM14.1 million a year ago. Revenue for 1H25 was RM410.5 million, a substantial increase from RM148.9 million in the same period last year.

Binastra has recently secured several notable contracts, including a RM574.4 million contract for the construction of a data center in Bukit Jalil and a RM283.3 million building project in KL. The company is on track to achieve its target of securing RM2 billion in new contracts.

With its strong order book and impressive financial performance, Binastra Corp Bhd is poised for continued growth and success in the coming years.

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