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Gabungan AQRS expects better years ahead on projects in hand and low costs

September 5, 2018 6:35 AM
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PETALING JAYA: Gabungan AQRS Bhd expects to perform better this year and next, based on projects in hand and low operating cost.

Group CEO Datuk Azizan Jaafar said its construction order book of RM2.4 billion will sustain the group for the next three years while the property division is expected to start contributing to the group's earnings next year.

Speaking to reporters at its EGM today, he said the group's operating cost has been reducing yearly from over 20% in 2015 to 15% in 2016 and 12% last year.

"For the first half of 2018, the total finance cost was only RM3.5 million. Last year, it was about RM12 million. We have halved it," he said, adding that the group is now more efficient and competitive, post-transformation.


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