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NewsProtasco bags RM77 million Sarawak road works
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Protasco bags RM77 million Sarawak road works
by Cals Thu 02 Apr 2015, 21:15
Protasco bags RM77 million Sarawak road works
By Chester Tay / theedgemarkets.com | April 2, 2015 : 6:53 PM MYT
KUALA LUMPUR (Apr 2): [size=14]Protasco Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) said its wholly owned unit HCM Engineering Sdn Bhd has been awarded a RM77 million contract to undertake the maintenance works of federal roads in Sarawak from the Public Works Department.
According to the infrastructure construction services provider’s filing with Bursa Malaysia today, the job includes the construction of “four overtaking lanes in Sibu and Bintulu divisions”.
The works are expected to be completed within 12 months.
Protasco (fundamental: 1.15; valuation: 1.2) said this award is expected to contribute positively to its financial results for the fiscal year ending Dec 31, 2015.
Protasco closed one sen or 0.65% lower to RM1.54 today, giving it a market capitalisation of RM518.22 million.
(Note: The Edge Research's fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)
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By Chester Tay / theedgemarkets.com | April 2, 2015 : 6:53 PM MYT
KUALA LUMPUR (Apr 2): [size=14]Protasco Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) said its wholly owned unit HCM Engineering Sdn Bhd has been awarded a RM77 million contract to undertake the maintenance works of federal roads in Sarawak from the Public Works Department.
According to the infrastructure construction services provider’s filing with Bursa Malaysia today, the job includes the construction of “four overtaking lanes in Sibu and Bintulu divisions”.
The works are expected to be completed within 12 months.
Protasco (fundamental: 1.15; valuation: 1.2) said this award is expected to contribute positively to its financial results for the fiscal year ending Dec 31, 2015.
Protasco closed one sen or 0.65% lower to RM1.54 today, giving it a market capitalisation of RM518.22 million.
(Note: The Edge Research's fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)
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