Bina Puri bags RM303 million contract to build road in Iraq
Last update: 15/07/2019
KUALA LUMPUR, July 15 (Bernama) -- Bina Puri Holdings Bhd has secured a contract worth RM303 million for the construction of a dual-lane road in Nasiriya, a city in southern Iraq's province of Thi Qar.
In a filing with Bursa Malaysia today, the group said the 36-month contract, awarded to wholly-owned subsidiary Bina Puri Sdn Bhd on June 11, was in respect of a road stretching from the Al-Islah junction to Al-Jabayish. The statement did not disclose the length of the road.
Bina Puri said the latest win increased its project book order to RM1.56 billion.
It added that the contract was expected to contribute positively to the group's earnings and net assets for the financial year ending June 30, 2020.
At 3.40 pm, Bina Puri shares rose two sen to 19.5 sen.