Eversendai secures RM272m Dubai contracts

By NUR HAZIQAH A MALEK

Eversendai Corp Bhd’s wholly owned subsidiary, Eversendai Engineering LLC Dubai (EVS Dubai), has secured two new contracts for structural steel works amounting up to RM272 million, in an exchange filing to Bursa Malaysia yesterday, The works for the contract, which were awarded to ALEC Engineering and Contracting LLC, as well as TAV Construction Qatar LLC are expected to be completed in 2020.

EVS Dubai will be doing the steel works at One Za’abeel mix-used development, while TAV Construction will be handling the luxury high-end residential tower Address Tower Residence IL Primo.

Last July, the group noted that it was confident on hitting the RM2 billion turnover target. The steel fabrication company’s latest venture includes a fabrication yard with Ras Al Khaimah, United Arab Emirates.

The group recorded RM449.32 million in total revenue, and RM20.83 million in net profit or basic earnings per share of 2.69 sen for its third quarter which ended Sept 30, 2017.