During the year under review, the Company achieved a notable financial turnaround, transitioning from three consecutive years of losses to profitability. The company has declared a 0.5 sen final single-tier dividend in April 2024.

Based on the latest quarter result of Pesona, it seems applied reflected the industry is poised for margin recovery as newly-secured contracts have reflected cost inflation. In addition, post the pandemic, it has become increasingly common for contracts to carry price escalation clauses to safeguard the margins of contactors. As such, expect industry margins to improve in CY24 as older contracts with low margins tail off and new contracts with more normalised margins start to contribute. (Research by Kenaga construction sector update dated 05/01/2024).
As at 31/03/24, the Company has an outstanding order book is RM 1.8bil, after added recently secured letter of award RM 410mil (27/05/24), total order book on hand approximately RM 2.2bil.

The overall prospects in 2024 are expected to be brighter.