Lim Seong Hai Capital Berhad (“LSH Capital” or “the Group”) announced its financial results for the second quarter ended 31 March 2025 (“2QFY25”). The Group recorded revenue of RM106.6 million, gross profit of RM43.5 million, and profit after tax of RM21.7 million. This means the Group’s gross profit margin was 40.8% and profit margin was 20.4%.
Even though revenue was slightly lower compared to the same quarter last year, LSH Capital’s gross profit grew by 41.9% and profit after tax increased by 39.8%. This growth was mainly due to strong results from the property development segment and careful cost management. Earnings per share also rose to 2.99 sen from 2.25 sen in 2QFY24.
The property development segment saw good progress in the LSH Segar project in Cheras, Kuala Lumpur. The construction segment also helped boost results with the start of the Gemas infrastructure project and ongoing earthworks at Transkrian and Tangkak.
As part of its plan to grow and diversify, LSH Capital’s 70%-owned subsidiary, LSH Service Master Sdn Bhd (“LSHSM”), started a 20-year contract on 1 April 2025 to manage and maintain the Kuala Lumpur Tower. This is an important new source of recurring income for the Group and helps strengthen its business.
Tan Sri Datuk Seri Lim Keng Cheng, Non-Executive Chairman of LSH Capital, said, “Our strong Q2 results show how well our BEST Collaboration Framework works. The Kuala Lumpur Tower contract adds steady income and opens more growth chances for us.”
Looking ahead, LSH Capital is exploring new infrastructure projects under the Southern Selangor Integrated Regional Development (“IDRISS”) plan. The Group aims not only to build these projects but also to own and manage them for steady income. This supports its goal to become a strong, multi-segment company with long-term growth. LSH Capital also declared an interim dividend of 0.78 sen per share, showing its commitment to rewarding shareholders. – Tehtariktimes
