JBB Builders Projects Turnaround with Expected Profit

JBB Builders International Ltd. (HK:1903) has released an update.

JBB Builders International Ltd. anticipates a profitable year with a profit of up to RM6 million for the year ended June 2024, a significant turnaround from the RM8.2 million loss in the previous year. This positive outlook is credited to increased revenue from marine transportation works and new contracts, improved debt collection, and additional income from subcontractor arrangements. Shareholders are advised to exercise caution as these figures are based on preliminary unaudited accounts and are still subject to final adjustments.

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