BUSINESS

KERJAYA PROSPEK WINS RM139.0 MLN CONSTRUCTION CONTRACT

30/07/2021 01:50 PM

KUALA LUMPUR, July 30 -- Kerjaya Prospek (M) Sdn Bhd, a wholly-owned subsidiary of  Kerjaya Prospek Group Bhd (Kerjaya), has secured a construction contract worth RM139.0 million from Damansara Peak Sdn Bhd, an indirect subsidiary company of Eastern and Oriental Bhd (E&O).

In a filing with Bursa Malaysia today, Kerjaya said the contract involves the construction and completion of substructure works, main building works and all associated external works for the proposed construction of 54 units of three-storey villas in Damansara Heights, Kuala Lumpur.

The contract is expected to commence on Sept 1, 2021, to be completed within 36 months, it said.

“This is the fourth contract secured by Kerjaya for the year, bringing the year-to-date contract wins to RM523.5 million.

“Kerjaya’s total outstanding order book now stands at approximately RM3.4 billion,” it said, adding that the contract is expected to contribute positively to the group’s earnings and net assets per share from 2021 to 2024.

Kerjaya’s non-independent non-executive chairman Datuk Tee Eng Ho said the latest contract win is also expected to provide an additional stream of revenue for Kerjaya over the next three years.

“I am optimistic that the quick roll-out of vaccines will help the economy to recover gradually and we will have more projects coming in,” he said, adding that the group would continue to aggressively tender for good quality projects that could deliver value to shareholders while focus on delivering the jobs in hand.

At 1.30 pm, Kerjaya’s share price was one sen lower at RM1.15 with 15,800 units transacted.

-- BERNAMA


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