CEO Morning Brief

Pintaras Jaya Wins Piling Contracts Worth RM90 Mil in Singapore

edgeinvest
Publish date: Tue, 05 Apr 2022, 03:35 PM
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TheEdge CEO Morning Brief
Pintaras Jaya wins piling contracts worth RM90m in Singapore

KUALA LUMPUR (April 4): Pintaras Jaya Bhd said the group has secured three piling contracts worth S$29 million (RM90 million) in Singapore.

The contracts, which were awarded to its Singapore-based unit Pintary Foundations Pte Ltd, will commence in May with contract periods of between three and four months.

The contracts are expected to contribute positively to the group’s earnings for the financial year ending June 30, 2022, the piling and foundation specialist added in a bourse filing.

Shares of Pintaras Jaya closed two sen or 0.77% higher at RM2.62 on Monday (April 4), valuing the group at RM434.57 million.

Source: TheEdge - 5 Apr 2022

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