Destini Q3 Pre-Tax Profit Up Nine Pct To RM6.46 Million

KUALA LUMPUR, Nov 2 (Bernama) – Destini Bhd’s pre-tax profit for the third quarter ended Sept 30, 2015 rose nine per cent to RM6.46 million compared with RM5.93 million a year ago.

Revenue soared 130 per cent to RM90.34 million versus RM39.20 million previously due to the higher demand for its maintenance, repair and overhaul (MRO) services and marine manufacturing services, Destini said in a filing to Bursa Malaysia here Monday.

“We have been able to outperform our previous year’s financial results due to the diversified nature of the group despite the challenging business environment that we are currently operating in.

“We continue to experience a rise in demand for MRO services from our aviation and marine customers locally and internationally,” it said.

Destini said it has secured an orderbook of approximately RM400 million with the Malaysian Maritime Enforcement Agency and Dockyard and Engineering Works Ltd in Bangladesh.

“This orderbook in hand, coupled with rising demand for the group’s aviation and marine MRO services, is expected to contribute positively to the group’s financial performance,” it said.

Source : Bernama