Bursa Community
Would you like to react to this message? Create an account in a few clicks or log in to continue.
Bursa Community

Bursa Malaysia Stock Forum - Enriching You!


Barakah Offshore secures RM260 mil contract via subsidiary

Bursa Community :: Community News

Go down

Barakah Offshore secures RM260 mil contract via subsidiary Empty Barakah Offshore secures RM260 mil contract via subsidiary

Post by Cals Wed 23 Apr 2014, 22:38

Barakah Offshore secures RM260 mil contract via subsidiary
Business & Markets 2014
Written by Bernama   
Wednesday, 23 April 2014 19:04

KUALA LUMPUR (April 23): Barakah Offshore Petroleum Bhd subsidiary, PBJV Group Sdn Bhd, has secured a RM260 million contract from Petronas Gas Bhd, for the procurement, construction and commissioning of Pengerang Pipeline. 

In a filing to Bursa Malaysia today, Barakah Offshore said, the contract was secured in a consortium with CPM Construction Sdn Bhd.

"Work for the contract is expected to commence immediately, and is scheduled to be completed by the second quarter of 2016," said the company.

Barakah Offshore added that PBJV Group has a 50 per cent share in the liabilities and obligations in respect of the contract, and 50 per cent share of the benefits and profits to be derived from the contract, by the consortium.

"The contract is expected to contribute positively towards the earnings and net assets per share of Barakah Group, for the duration of the contract," it said.
Cals
Cals
Administrator
Administrator

Posts : 25277 Credits : 57721 Reputation : 1766
Male Join date : 2011-09-08
Location : global
Comments : “My plan of trading was sound enough and won oftener that it lost. If I had stuck to it I’️d have been right perhaps as often as seven out of ten times.”
Stock Exposure : Technical Analysis / Fundamental Analysis / Mental Analysis

Back to top Go down

Back to top

- Similar topics

Bursa Community :: Community News

 
Permissions in this forum:
You cannot reply to topics in this forum