Chin Hin Group Bhd has reported a remarkable financial turnaround in its latest quarterly results, with profits surging across multiple business segments. The Malaysian conglomerate’s net profit for the first quarter ending March 2025 jumped to RM18.39 million, more than doubling from RM9.07 million in the same period last year, driven by strategic improvements across its diversified portfolio.
A key contributor to this growth was Signature International Bhd, the group’s kitchen and wardrobe manufacturing arm, which significantly boosted profit margins. The property development division also staged an impressive recovery, swinging from a RM0.98 million loss to a RM26.27 million profit, supported by faster project progress and improved construction billings. Despite a slight dip in earnings per share, the company’s overall gross profit margin expanded to 18.61%, up from 10.57% in the previous year.
The construction segment benefited from in-house property projects and better contract execution, while the building materials division saw a 49.9% profit increase despite lower revenue, thanks to cost optimization and strong demand for precast concrete and metal roofing. Total revenue for the quarter climbed 66.9% to RM951.95 million, reflecting stronger performance across all business units. With Signature International holding a robust order book of RM907 million and the construction arm maintaining RM1.8 billion in outstanding contracts, the group anticipates sustained growth in the coming fiscal year.
Looking ahead, Chin Hin plans to launch new property developments in the Klang Valley and Southern Region, capitalizing on its RM2.1 billion unbilled sales from ongoing projects. While the building materials sector faces challenges from rising costs and competitive pressures, the company remains confident in its ability to maintain profitability through efficiency improvements and strong product demand. With multiple revenue streams performing well and new projects in the pipeline, Chin Hin is positioned for continued success in 2025.