PETALING JAYA: HE Group Bhd

remains cautiously optimistic amid a volatile global economic environment and is taking a highly selective approach in pursuing new projects, according to managing director Haw Chee Seng.

In the second quarter ended June 30, 2025 (2Q25), the electrical engineering service provider’s net profit fell 24.8% to RM3.2mil, or 0.72 sen per share, from RM4.2mil, or 0.96 sen per share, in the same quarter last year.

Revenue for the quarter fell to RM32mil versus RM48.9mil a year ago.

For the first six months, it posted a net profit of RM6.05mil, up 6.1% from RM5.7mil, while revenue tumbled 44.1% to RM63.6mil against RM113.7mil posted last year.

As at June 30, it maintained a strong net cash position, with total cash and cash equivalents of RM58.1mil.