SunCon’s business operations are primarily located in Malaysia as well as in Singapore and India. Aside from its Malaysia projects, SunCon operates an Integrated Construction & Prefabrication Hub (ICPH) in Singapore and is presently undertaking several highway construction jobs in India.
SunCon’s business operations are primarily located in Malaysia as well as in Singapore and India. Aside from its Malaysia projects, SunCon operates an Integrated Construction & Prefabrication Hub (ICPH) in Singapore and is presently undertaking several highway construction jobs in India.
More than
0 YEARS
of excellence
NO. 1
pure play contractor
listed on Bursa Malaysia
3 precast plants at
0 m3
capacity
Turnover recorded to-date
RM0 BILLION
Invested in Virtual Design &
Construction since 2010
FY2022 was a milestone year for Sunway Construction Group Berhad (SunCon or the Group). Despite the lingering effects of the COVID-19 pandemic on the global and domestic economy as well as supply chain disruptions, labour shortages and increasing material prices that were prevalent in FY2022, SunCon recorded a stellar performance with profit before tax (PBT) of RM184 million, the Group’s highest since its listing in 2015. Our performance is a testament to our commitment to deliver on our financial and strategic priorities and to create stakeholder value.
Revenue improved in this current financial year due to contribution from projects in India as well as resumption of economic activities in full as compared to the preceding financial year where productivity was affected by various pandemic related movement control orders across various states.
GROSS PROFIT MARGIN
0%
FY2022: 0%
FY2021: 0%
Gross profit margin for the previous year ended was much higher due to finalisation of accounts and re-calibration of margin for projects which were approaching the completion stage as certainty of margins were more visible.
Profit Before Tax
0%
FY2022: RM0 million
FY2021: RM0 million
The higher profit before tax in this current year ended was in tandem with the increase in revenue even though there was an increase in administrative expenses compared to previous financial year due to normalisation of expenses.
REVENUE
0%
FY2022: RM0 million
FY2021: RM0 million
Revenue recorded for the current year improved compared to the previous year as FY2021 was affected more severely by both the MCO in Malaysia and the Circuit Breaker in Singapore. Further to that, there was also a brief period of total closure in both our precast plants in Johor during the third quarter of the preceding financial year.
GROSS PROFIT MARGIN
0%
FY2022: 0%
FY2021: 0%
Gross profit margin for the current year ended increased in tandem with the increase in revenue. Further to that, there was also reversal of provision on raw materials for completed projects.
Profit Before Tax
>0%
FY2022: RM0 million
FY2021: RM0 million
Precast profit before tax improved in the current financial year in line with the higher gross profit margin and revenue.
53% dividend payout of PAT after minority interests
RM45.3 million paid in income taxes
RM138.5 million paid in wages
Market capitalisation: RM2.017 billion as at end FY2022
High Return on Equity (2022:18%; 2021: 17%)
Best ROE for 4 consecutive years in the Construction Sector awarded by The Edge Billion Ringgit Club
MANUFACTURED
Advancing the construction and infrastructure landscape in Malaysia and the region leading to new technological based solutions and the advancement of the green building agenda
Setting higher benchmark for quality design and build
Intellectual
Nurturing tomorrow’s industry talent today – progressively creating generations of digitally savvy industry professional, ready and equipped with skills to rethink present conventions to building approaches, while being adapt to sustainable development methodologies
Enabling sustainable construction by managing resource consumption and carbon footprint while enhancing the Group’s value proposition
Human
Employee engagement score FY2022: 63%
Development of local talents, creation of higher-income jobs as well as providing opportunities for career advancement
Social
Zero accidents involving the community or general public
100% supply chain compliance with the Group’s Anti-Corruption and Bribery Policy
6 interns absorbed into the Group. Provision of opportunities for aspiring, high-potential, local talents
Development of talent pool that supports SunCon’s human capital requirements
Contribution of more than RM2.09 million through the Jeffrey Cheah Foundation as well as various community and SunCon Social Club (SSC) initiatives
Natural
Improved environmental oversight and implementation of practices with progressive integration of ESG into the Group’s business strategies and its operations
SunCon’s performance against its set KPIs and targets is provided in the introductory pages of the respective Environmental, Social and Governance subsections of this report. The Group’s KPIs are also aligned to the following UNSDGs:
