Binasat to expand satellite operations

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KUALA LUMPUR: Binasat Communications Bhd is focused on expanding satellite operations by targeting the maritime and oil and gas industries as these industries increasingly adopt the very small aperture terminal (VSAT) system.

“The group intends to leverage on its approved supplier and partner status with Ericsson (Malaysia) Sdn Bhd and Huawei Malaysia to win projects as Digital Nasional Bhd has announced a partnership with Ericsson for the national digital infrastructure initiative while Huawei is assisting major mobile network operators to upgrade their 4G network capacity,” executive director cum chief executive officer Zulamran Hamat said in a statement.

He said the group is optimistic about the economic outlook as it is also participating in Phase 1 of the Point of Presence (PoP) fibre infrastructure project and we have tendered for Phase 2 of the PoP project.




“Both phases have a combined value of RM8bil and have to be completed in three years. At the same time, we are also participating in the construction of 5G towers in Kuala Lumpur,” Zulamran said.

In the fourth quarter ended June 30 (4Q), Binasat’s net profit jumped 170% to RM1.54mil, or earnings per share of 0.40 sen from RM572,000, or 0.20 sen registered in the same quarter last year.

The group’s revenue stood at RM14.96mil in 4Q, a 15.20% decrease compared with RM17.64mil last year mainly attributable to lower revenue from civil infrastructure and fiber optic cabling works.

For the full financial year ended June 30, Binasat posted a net profit of RM4.8mil, or 1.42 sen on revenue of RM83.5mil.


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