Progressive Impact aims to grow at 10%-20% annually

SHAH ALAM: Environmental engineering consultancy firm Progressive Impact Corp Bhd is looking to grow its profit by 10%-20% annually, with its new technology systems and expansion plans.

Speaking to reporters after its EGM today, CEO Johar Yusof said the group has launched three new technologies recently, namely predictive emissions monitoring system (PEMS), hybrid waste water and wave glider.
"This year, we will start to hit the orders, but the (systems) implementation would be probably in 2016, so we expect the real growth would be seen in 2016."
"We also plan to go into the Middle East, such as United Arab Emirates, Qatar and Saudi Arabia, bringing the new technologies that we have, especially the waste water technology," he added.
Currently, the group's revenue is mainly from the concession agreement relating to environmental monitoring and data management activities with the government (50%), laboratory testing services (42%) and waste management (8%).