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Aneka Jaringan Posts Revenue of RM53 Million in 1Q FY2023

indie
2 minutes

KUALA LUMPUR, Jan 19, 2023 - (ACN Newswire via SEAPRWire.com) - Aneka Jaringan Holdings Berhad (Bursa: ANEKA, 0226), a basement and foundation construction specialist, today announced that the Group recorded a 26.92% gain in revenue to RM52.85 million for the first quarter ended 30 November 2022 (1Q FYE2023) compared with RM41.64 million in the corresponding quarter of the previous financial year (1Q FYE2022).Managing Director of Aneka Jaringan, Pang Tse FuiIn the quarter under review, the Group registered a narrower loss after tax (LAT) of RM4.62 million compared with LAT of RM5.41 million in 1Q FYE2022. Gross loss decreased to RM0.95 million in 1Q FYE2023 compared with gross loss of RM2.88 million in 1Q FYE2022 on a decline in material costs.Managing Director of Aneka Jaringan, Pang Tse Fui said, "The Group continues to assess and monitor risks while selectively tendering for projects. We have secured RM52 million in contracts in FYE2023 and we are also increasing capacity in Indonesia to leverage on the country's growing infrastructure needs while monitoring developments on the new Indonesian capital of Nusantara in which we believe would present us a lot of opportunities.""Alth...

ACN Newswire
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Aneka Jaringan and Samaiden Join Forces to Tap Solar PV Potential in Indonesia

indie
4 minutes

KUALA LUMPUR, Aug 2, 2022 - (ACN Newswire via SEAPRWire.com) - Aneka Jaringan Holdings Berhad and Samaiden Group Berhad has entered into a joint venture (JV) agreement today, which will create new revenue streams for both companies via engineering, procurement, construction & commissioning (EPCC) of solar photovoltaic (PV) systems and power plants in Indonesia.Aneka Jaringan's Managing Director, Pang Tse Fui and Samaiden's Group Managing Director Ir. Chow Pui Hee [L-R]This JV provides Samaiden access to the Indonesian market and allows Aneka Jaringan which already has a presence in Indonesia via its subsidiary, PT Aneka Jaringan Indonesia, to add to its value chain in a fast-growing segment.Indonesia's renewable energy (RE) sector holds promising potential. As Southeast Asia's largest economy and with an increasing energy demand due to its rapid development, it accounts for 40% of the energy consumption in this region. As committed to the Paris Agreement, Indonesia wants to achieve net-zero emissions by 2060 or sooner. It has pledged to reduce its national carbon dioxide emission by 29% within the next decade and committed to scaling up clean power and transitioning away from c...

SeaPRwire
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Top battery makers in talks over US$20b Indonesia electric vehicle plans

elean
3 minutes

JAKARTA (BLOOMBERG) - Contemporary Amperex Technology (CATL) and LG Chem, two of the world's top producers of batteries for electric vehicles (EV), have signalled they may join projects that could see US$20 billion (S$27.2 billion) more invested in supply chains in Indonesia, according to the country's government. The firms signed separate heads of agreement with Aneka Tambang last month aimed at manufacturing higher value products for batteries from the state-owned miner's nickel output, said Septian Hario Seto, deputy for investment coordination and mining at the coordinating ministry for maritime affairs and investments. It's a strategy that would involve development of new capacity for metals processing to battery pack assembly, according to Seto. "This is a race on technology," he said in an interview. "LG Chem and CATL are two front-runners in lithium battery technology." Indonesia holds almost a quarter of global reserves of nickel, a key metal for electric cars, and is seeking to use that advantage, along with cheap power prices and low-cost manufacturing, to build a domestic battery industry. LG Chem and Aneka Tambang have agreed to explore joint venture options, though th...