BUSINESS

FAVELLE FAVCO'S UNITS SECURE CONTRACTS WORTH RM61.1 MLN

20/02/2019 07:14 PM

KUALA LUMPUR, Feb 20 (Bernama) -- Favelle Favco Bhd's wholly-owned subsidiaries have secured contracts for a combined value of RM61.1 million.

The contracts were bagged by Favelle Favco Cranes Pty Limited to supply tower cranes to GA Caelli Holdings Trust, Form 700 Pty Ltd and Icon Co (Aust) Pty Ltd, while Favelle Favco Cranes (USA) Inc would supply tower crane to Tes Inc.

The group’s third unit, Favelle Favco Cranes (M) Sdn Bhd, would supply offshore cranes to Sapura Fabrication Sdn Bhd and Malaysia Vietnam Offshore Terminal (L) Limited.

“All the tower and offshore cranes will be delivered this year,” it said in a filing with Bursa Malaysia.

The manufacturer of construction cranes under the brands Favelle Favco and Kroll expects all the contracts to contribute positively to the earnings and net assets of the company for the financial year ending Dec 31, 2019 and beyond.

At closing today, Favelle Favco shares rose half-a-sen to RM2.55.

-- BERNAMA


BERNAMA provides up-to-date authentic and comprehensive news and information which are disseminated via BERNAMA Wires; www.bernama.com; BERNAMA TV on Astro 502, unifi TV 631 and MYTV 121 IFLIX channels and BERNAMA Radio on FM93.9 (Klang Valley), FM107.5 (Johor Bahru), FM107.9 (Kota Kinabalu) and FM100.9 (Kuching) frequencies.

Follow us on social media :
Facebook : @bernamaofficial, @bernamatv, @bernamaradio
Twitter : @bernama.com, @BernamaTV, @bernamaradio
Instagram : @bernamaofficial, @bernamatvofficial, @bernamaradioofficial
TikTok : @bernamaofficial

© 2024 BERNAMA   • Disclaimer   • Privacy Policy   • Security Policy