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Protasco bags RM50m contract from Desaru Development
by Cals Tue 11 Jun 2013, 00:21
Protasco bags RM50m contract from Desaru Development
Business & Markets 2013
Written by Kamarul Anwar of theedgemalaysia.com
Monday, 10 June 2013 17:51
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KUALA LUMPUR (June 10): PROTASCO BHD [] has won a tender from Desaru Development Holdings One Sdn Bhd for CONSTRUCTION [] works worth RM50.4 million.
In a filing with Bursa Malaysia, the infrastructure development provider said its subsidiary HCM Engineering had received a letter of acceptance from Desaru Development.
The contract, with runs for 12 months beginning June 17, encompasses construction and completion of a proposed infrastructure package including road and drainage works to Desaru Coast Course in Johor.
“The project is expected to contribute positively towards the group’s results for the financial year ending December 31, 2013 (FY13),” said Protasco.
Protasco’s stock closed three sen higher at RM1.20 with a trade volume of 290,500.
Business & Markets 2013
Written by Kamarul Anwar of theedgemalaysia.com
Monday, 10 June 2013 17:51
A + / A - / Reset
KUALA LUMPUR (June 10): PROTASCO BHD [] has won a tender from Desaru Development Holdings One Sdn Bhd for CONSTRUCTION [] works worth RM50.4 million.
In a filing with Bursa Malaysia, the infrastructure development provider said its subsidiary HCM Engineering had received a letter of acceptance from Desaru Development.
The contract, with runs for 12 months beginning June 17, encompasses construction and completion of a proposed infrastructure package including road and drainage works to Desaru Coast Course in Johor.
“The project is expected to contribute positively towards the group’s results for the financial year ending December 31, 2013 (FY13),” said Protasco.
Protasco’s stock closed three sen higher at RM1.20 with a trade volume of 290,500.
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