MNHB wins RM52.5mil data centre job

The Star

27-05-2025

PETALING JAYA: MN Holdings Bhd (MNHB) has accepted a letter of award (LoA) from a customer that provides data centre services, worth RM52.5mil.
In a filing with Bursa Malaysia, the infrastructure utilities construction services and solutions firm said the contract involves design, supply, installation, maintenance, testing and commissioning for Phase 2 of a consumer landing station (CLS) for a data centre located in the Southern Region of Malaysia.
'The scope of works comprises design, supply, installation, testing and commissioning of all substation equipment and associated civil works for the expansion phase of the CLS.
'The contract period shall include all necessary mobilisation periods from the date of commencement, Energy Commission submission after energisation and completion date.'
MNHB said the commencement, testing commencement and completion dates will be April 15, Aug 15 and Sept 30, 2025, respectively.
'The LoA will not have any effect on the issued share capital and the shareholding of the substantial shareholders of the company.
'However, the LoA is expected to contribute positively to the future earnings and net assets per share of the company upon commencement of the project.'
Separately, MNHB announced that its net profit for the third quarter ended March 31, 2025 rose to RM16.5mil from RM4.7mil in the previous corresponding period, while revenue surged to RM127.42mil from RM51.11mil a year earlier.
For the nine-month period ended March 31, 2025, MNHB's net profit grew to RM36.16mil from RM12.78mil in the previous corresponding period, while revenue rose to RM356mil from RM181.18mil a year earlier.