Kerjaya Prospek secures construction project worth RM139 mil

By TMR / Pic by TMR FILE PIX

Kerjaya Prospek Group Bhd’s wholly-owned subsidiary, Kerjaya Prospek (M) Sdn. Bhd, secured construction works award worth RM139.0 million, from Damansara Peak Sdn. Bhd., an indirect subsidiary company of Eastern & Oriental Bhd.

In a statement today Kerjaya said this is the fourth contract secured by Kerjaya for the year, bringing the year-to-date contract wins to RM523.5 million. Kerjaya’s total outstanding order book now stands at approximately RM3.4 billion.

The award involves the construction and completion of substructure works, main building works and all associated external works for a proposed 54 units 3-storey villa located at Damansara Heights, Kuala Lumpur.

The Contract is expected to commence on 1 September 2021 and will take 36 months to complete from the commencement date. The Contract is expected to contribute positively to the Group’s earnings and net assets per share from 2021 to 2024.

“We are delighted to secure another contract from E&O this year where all the contracts are undertaken at arm’s length basis based on normal commercial terms. This Contract is expected to provide an additional stream of revenue for Kerjaya over the next three years and will further enhance our outstanding order book” said Non-Independent Non-Executive Chairman Datuk Tee Eng Ho.

He added the company will continue to aggressively tender for good quality projects that can deliver value to its shareholders while focusing on delivering the jobs in hand.