KUALA LUMPUR, March 17 – Propel Global Berhad has announced impressive financial results for the second quarter of fiscal year 2024 (Q2 FY2024), showcasing a remarkable 43.3% growth in revenue. The Group’s revenue surged to RM35.1 million, a significant increase from RM24.5 million in the corresponding quarter of the previous year, demonstrating its resilience and strategic agility amidst evolving market dynamics. Despite market challenges, Propel Global’s oil and gas (O&G) segment stood out as a key contributor, with revenue reaching RM18.5 million in Q2 FY2024.
This growth was fueled by the successful introduction of new services, particularly in engineering and technical works, reflecting the Group’s commitment to optimizing operational efficiencies. Additionally, the introduction of the Technical Services (TS) segment and Information and Communication Technology (ICT) segment further expanded Propel Global’s revenue streams, highlighting its commitment to innovation and diversification in the energy sector.
