Lim Seong Hai Capital Berhad (“LSH Capital” or “the Group”) has reported strong financial results for the second quarter ended 31 March 2025 (“2QFY25”), driven by effective cost control and strategic business execution under its BEST Collaboration Framework.
For the quarter, the Group achieved a revenue of RM106.6 million, with gross profit (“GP”) at RM43.5 million and profit after tax (“PAT”) at RM21.7 million. This translates to healthy GP and PAT margins of 40.8% and 20.4% respectively. Despite a slight dip in revenue compared to the same quarter last year (2QFY24), GP grew by an impressive 41.9% year-on-year (YoY), while PAT surged 39.8% YoY, highlighting the Group’s efficient operations and solid performance in key business areas.
Earnings per share rose to 2.99 sen, compared to 2.25 sen recorded in 2QFY24. The Group’s performance this quarter was primarily fuelled by its Property Development segment, especially the continued progress of the LSH Segar project in Cheras, Kuala Lumpur. In the Construction segment, positive momentum came from the commencement of the infrastructure project in Gemas and ongoing earthwork projects in Transkrian and Tangkak.
Demonstrating its long-term diversification strategy, LSH Capital, via its 70%-owned subsidiary LSH Service Master Sdn Bhd (“LSHSM”), expanded into facility management. As of 1 April 2025, LSHSM officially began its 20-year concession to operate, manage, and maintain the iconic Kuala Lumpur Tower marking a new chapter for the Group in recurring income generation and national infrastructure revitalisation.
LSH Capital is also actively exploring infrastructure construction and concession ownership opportunities, further reinforcing its growth strategy. Commenting on the results, Tan Sri Datuk Seri Lim Keng Cheng, Non-Executive Chairman of LSH Capital, said, “Our solid second-quarter results are a testament to the strength of our BEST Collaboration Framework and the resilience of our integrated business model. The successful onboarding of the Kuala Lumpur Tower project has not only added a recurring income stream but also positioned us for future growth in this segment.”
“Looking ahead, we’re strategically pursuing infrastructure concession opportunities under the Southern Selangor Integrated Regional Development (IDRISS) initiative. Our aim is to not just build, but also own and manage infrastructure assets to generate sustainable, recurring income over the long term,” he added. Reaffirming its commitment to shareholder value, LSH Capital has declared an interim dividend of 0.78 sen for the quarter.
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