Southern Cable Group Berhad secured a MYR 90.4 million contract to supply underground cables and conductors to the nation's utility giant, Tenaga Nasional Berhad (TNB). The new win by the Group's wholly-owned subsidiary, Southern Cable Sdn. Bhd., follows the addendum contract of more than RM30 million secured in April 2023, and boosts the Group's total contract value to TNB to MYR 422.5 million from MYR 332.1 million earlier. Sales of power cables and wires typically make up more than 80% of the Group's annual revenue. From the financial years ended 31 December 2020 to 2022, sales of power cables and wires jumped from MYR 458.4 million to MYR 749.0 million, reporting a compounded annual growth rate of 27.8% in
line with the nation's ramp up in infrastructure activities in the COVID-19 pandemic recovery phase. Besides that, Southern Cable is a registered supplier for cables and wires with TNB and has a strong business relationship for the past 19 years. Apart from TNB, the Group also supplies to other utility providers such as Sabah Electricity Sdn. Bhd. and Sarawak Energy Berhad.