KJTS Group Bhd reported a solid third quarter ended Sept 30, 2024 (3Q24), revenue growth of 11.8% to RM33.54 million.

The building support services provider said the growth was attributed to newly secured major engineering, procurement, construction and commissioning (EPCC) projects in the cooling energy segment which contributed RM15.19 million, accounted for 45.29% of total revenue, during the quarter.

On quarter-on-quarter basis, the group's revenue rose by 15.77% from approximately RM28.98 million compared to 2Q24, driven by growth across all key segments.

The cooling energy segment saw the largest revenue increase of RM3.24 million, attributed to progress in several new EPCC projects. The cleaning services and facilities management segments also showed incremental revenue growth of RM0.71 million and RM0.62 million, respectively, due to onboarding new clients and cyclical maintenance work.

For the nine months ended Sept 30, 2024, KJTS reported year-to-date revenue of RM98.72 million, representing an 11.67% growth compared to 9M23. The cooling energy and cleaning services segments remained the primary contributors, generating RM46.2 million and RM42.2 million, respectively, during this period.

Looking ahead, KJTS is optimistic about its growth prospects, supported by Malaysia's positive economic environment.