KUALA LUMPUR (Aug 1): Mitrajaya Holdings Bhd (KL:MITRA) has clinched a contract worth RM37.91 million for the construction of a four-storey building with one level of sub-basement car park in Kuala Lumpur.

The company, through its wholly-owned Pembinaan Mitrajaya Sdn Bhd, accepted the letter of award (LOA) from a local company on Tuesday.

The contract is slated for completion within 21 months from the commencement date of October 30, 2024.

Mitrajaya, which is involved in construction and property development, had been loss-making for three consecutive quarters, before turning around in the first quarter ended March 31, 2024 (1QFY2024) with a net profit of RM262,000.

Mitrajaya shares finished one sen or 2.9% lower at 33.5 sen, valuing the company at RM260.01 million.