Our Group’s operating segments are as follows:
(a) Oil & gas division: Pipe coating, pipe manufacturing for the oil and gas industry, building and operating offshore/onshore field development facilities and the provision of highly specialised equipment and services to the power generation, oleochemical and petrochemical industries.
(b) Renewable energy division: Supplier and manufacturer of specialised equipment for biomass power plants; such as industrial fans, boilers and turbines that run primarily on biomass fuels.
(c) Industrial trading & services division: Trading and distribution of building materials and the manufacturing and trading of industrial pipes for the construction industry.
(d) Others: All other units within the group that do not constitute a separately reportable segment.
| Financial Year Ended 31 December | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| 12 months (Actual) |
12 months (Actual) |
12 months (Actual) |
12 months (Actual) |
12 months (Actual) |
|
| Presented in RM'000 | |||||
| Malaysia | 725,019 | 738,315 | 407,314 | 542,253 | 565,209 |
| 22.77% | 28.33% | 17.21% | 37.94% | 40.11% | |
| South East Asia excluding Malaysia | 878,993 | 670,007 | 399,497 | 268,034 | 186,687 |
| 27.60% | 25.71% | 16.88% | 18.75% | 13.25% | |
| Australia | 266,845 | 199,240 | 264,013 | 130,919 | 157,486 |
| 8.38% | 7.65% | 11.16% | 9.16% | 11.18% | |
| China | 1,350 | 5,155 | 35,681 | 61,325 | 51,528 |
| 0.04% | 0.20% | 1.51% | 4.29% | 3.66% | |
| Middle East | 475,769 | 298,041 | 338,050 | 61,198 | 11,507 |
| 14.94% | 11.41% | 14.29% | 4.28% | 0.82% | |
| Africa | 306,886 | 317,005 | 488,599 | 96,785 | 29,125 |
| 9.64% | 12.17% | 20.65% | 6.77% | 2.07% | |
| Europe | 410,251 | 201,435 | 240,948 | 95,317 | 223,395 |
| 12.88% | 7.73% | 10.18% | 6.67% | 15.85% | |
| India | 2,344 | 2,641 | 2,135 | 1,615 | 1,504 |
| 0.07% | 0.10% | 0.09% | 0.11% | 0.11% | |
| East Asia | 17,667 | 26,032 | 528 | 4,375 | 17,613 |
| 0.55% | 1.00% | 0.02% | 0.31% | 1.25% | |
| Latin America | 12,586 | - | 21,996 | 8,810 | 16,242 |
| 0.04% | - | 0.93% | 0.62% | 1.15% | |
| Canada | 2,374 | 20,829 | 38,663 | 116,024 | 102,088 |
| 0.07% | 0.80% | 1.63% | 8.12% | 7.24% | United States of America | 66,459 | 105,715 | 107,896 | - | - |
| 2.09% | 4.06% | 4.56% | - | - | Pakistan | 14,741 | 20,955 | 15,816 | - | - |
| 0.46% | 0.80% | 0.67% | - | - | mexico | 1,490 | - | - | - | - |
| 0.05% | - | - | - | - | |
| Others | 1,748 | 318 | 4,945 | 42,656 | 46,753 |
| 0.05% | 0.01% | 0.21% | 2.98% | 3.31% | |
| Total Revenue | 3,184,522 | 2,605,688 | 2,366,081 | 1,429,311 | 1,409,137 |