KUALA LUMPUR, 29th February 2024 – Sustainable energy & engineering solutions
specialist Kinergy Advancement Berhad (“KAB” or “Group”,
“敬业”, Bloomberg: KASB
MK) (Formerly known as Kejuruteraan Asastera Berhad), is thrilled to announce its
financial results for the financial year ended 31 December 2023 (“FY2023”), showcasing
record earnings and revenue that underscore the Group's successful pivot towards renewable
energy and its commitment to sustainability.
In a year marked by significant growth, KAB recorded an unprecedented revenue of RM199.41
million for FY2023, marking a 6.6% increase from the previous year. This substantial growth
was mainly due to the Group's strategic shift towards Sustainable Energy Segment (“SES”),
which experienced a more than fivefold increase from the previous year within this segment.
Correspondingly, the Group's Profit After Tax (“PAT”) for FY2023 soared to a new record of
RM28.88 million, showcasing an exponential growth of more than tenfold from the RM2.78
million profit reported in FY2022. The surge in the PAT was mainly driven by an impressive

Adam Lim, Still reasonable la. Better than loss.

What do you expect with RM60 million of revenue.

Must be realistic la haha.. Just wait and see if any higher revenue/profit in the next coming quarter.