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Thursday, March 27, 2008

Naim Cendera sets revenue target

NAIM Cendera Holdings Bhd is targeting an annual compounded growth rate of 30 per cent in revenue for the next three years.

The construction and property group expects to achieve this through a combination of increased sales in the property division and by replenishing its construction order book by between RM0.5 billion and RM1 billion yearly.

The group made a net profit of RM82.7 million against RM652 million in revenue for the financial year ended December 31 2007.

Managing director Datuk Hasmi Hasnan said the group plans to treble its property sales from RM230 million currently, in the next three to five years.

Naim Cendera's net outstanding order book stands at RM2.6 billion, which will last the group between two and three years.

By New Straits Times

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