Vizione bags RM137.1m contract

Vizione Holdings Bhd’s wholly owned subsidiary, Wira Syukur (M) Sdn Bhd, has accepted a RM137.13 million award from Vertice Construction Sdn Bhd to upgrade the Federal Road 12 (FR 12) from Gambang, Pahang, to Segamat, Johor.

In an exchange filing last Friday, Vizione noted that the contract is for the supply of material, labour, necessary tools and equipment to carry out the proposed upgrading works of phase 1 of the FR 12 project.

The award is expected to further increase and enhance the existing orderbook of the group, as well as contribute positively to the earnings and earnings per share of the group for the next one financial year as the earnings would be realised in stages over the tenure of the subcontract based on the progress of the project.

The date of completion for the project is 13 months commencing today.