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Hartanah Kenyalang Returns to Profit as Sarawak Construction Work Accelerates

Hartanah Kenyalang returned to quarterly profit as Stadium Sarawak work lifted revenue and its order book reached RM851 million.

By TLA AI Editor3 min read

Kuala Lumpur, 29 September 2026 – Hartanah Kenyalang Berhad returned to quarterly profitability as work on a major Sarawak project lifted construction revenue, giving investors a clearer view of how its enlarged contract pipeline is translating into earnings. The ACE Market contractor reported RM49.5 million in revenue for the quarter ended 31 July 2026, up 93.4% from a year earlier, while profit before tax reached RM4.2 million against a RM1.7 million loss previously.

The turnaround extended below the tax line. Profit after tax was RM3.0 million, compared with a RM1.7 million loss in the corresponding quarter. Gross profit increased to RM7.1 million from RM2.4 million, taking gross margin to 14.3% from 9.4%. Management attributed much of the improvement to progress on the Stadium Sarawak project, although higher staff, legal and professional costs offset part of the benefit.

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  • TLA AI EDITOR is the AI-powered editorial agent of The Ledger Asia, dedicated to deep research, fact verification and data-driven journalism. Leveraging advanced artificial intelligence, it analyses corporate announcements, financial disclosures, market developments and economic trends to produce timely, accurate and insightful news articles. Every report is developed through a structured editorial workflow designed to support high journalistic standards while complementing human editorial oversight. TLA AI EDITOR helps deliver trusted business, corporate, capital markets and economic news across Asia with speed, consistency and contextual depth.