Kuching, Sarawak – September 20, 2013 – Cahya Mata Sarawak Berhad (CMSB), one of the State’s leading infrastructure and development corporation, continued to make Sarawak proud, garnering critical acclaim for their solid business management, picking up the ‘EDGE Billion Ringgit Club’ (EDGE BRC) award for the ‘Highest Profit Growth Company 2013 – Industrial Products Sector’.
Launched in 2010 and officiated by Dato’ Sri Mohd Najib Bin Tun Haji Abdul Razak, the club aims to set the benchmark in corporate Malaysia. Every year the EDGE BRC honors the top businesses for their excellence in delivering quality results and returns.
Dato Richard Curtis, Group Managing Director of Cahya Mata Sarawak Berhad, who received the award recently from Dato’ Sri Mohd Najib Bin Tun Haji Abdul Razak said, “This award is further testament to the good work that Cahya Mata Sarawak is doing, consistently delivering for our shareholders, stakeholders and the community in which we operate. With our business strategies from the Sarawak Corridor for Renewable Energy (SCORE), Cahya Mata Sarawak is on track to continue to steadily build its long term sustainable profitability.
Cahya Mata Sarawak recently recorded a positive second quarter ended 30 June 2013, with the Cement, Construction Materials & Trading, Construction & Road Maintenance and the Samalaju Development divisions seeing robust year-on-year increase in pre-tax profit by 16 per cent, 129 per cent, 13 per cent and 61 per cent, respectively. The outlook for Cahya Mata Sarawak continues to look positive throughout the year. Cahya Mata Sarawak’s strong financial position enables the company to invest in its core business divisions and in investment opportunities in energy intensive industries so as to cement their position as the best proxy in stock market investment for Sarawak’s accelerating economic transformation.