BUSINESS

COMINTEL'S UNIT SEALS BUILDER WORKS SUB-CONTRACT WORTH RM33.78 MLN

26/04/2022 06:33 PM

KUALA LUMPUR, April 26 (Bernama) -- Comintel Corp Bhd’s wholly-owned subsidiary has secured a sub-contract for builder works worth RM33.78 million.

The sub-contract was given by Pertama Makmur Sdn Bhd, which is a trader in construction-related products and building construction contracts, to Comintel’s wholly-owned unit Total Package Work Sdn Bhd for the construction of an office and training centre.

“The sub-contract shall commence on June 7, 2022 and to be completed within 20 months from the commencement date.

“The award is expected to provide an additional income stream for the group over the next two years,” Comintel said in a filing with Bursa Malaysia today.

The company also said that the sub-contract will have no effect on the issued share capital of the company but it is expected to contribute positively to the earnings and net assets per share of the group for the financial years ending Jan 31, 2023 to 2025. 

-- BERNAMA

 

 


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