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Big opportunity for Advancecon since Ibtec is It is planned as a circular city within the Johor-Singapore Special Economic Zone (JS-SEZ). More opportunity to participate in the early development stages of township and economic zone initiatives.
Advancecon Holdings Berhad said it had accepted a Letter of Acceptance from JLG Technopark Sdn. Bhd. for the proposed construction and completion of earthworks and ancillary works for Package 1 of Phase 1 at Southern Ibrahim Technopolis, Kulai, Johor Darul Ta’zim valued at RM66.9 Million.
IBTEC is a flagship 7,290-acre township development located in Sedenak, Johor, designated in 2021 as the sixth flagship zone (Zone F) of Iskandar Malaysia. The development has been planned as a major circular city within the Johor-Singapore Special Economic Zone, which is expected to be a transformative driver of cross-border investment, digital infrastructure, and sustainable urbanisation.
Advancecon Holdings Berhad (KLSE:ADVCON) Second Quarter 2025 Results
Revenue: RM108.6m (up 17% from 2Q 2024).
Net income: RM1.27m (up from RM4.62m loss in 2Q 2024).
Profit margin: 1.2% (up from net loss in 2Q 2024). The move to profitability was driven by higher revenue.
EPS: RM0.002 (up from RM0.008 loss in 2Q 2024).
