KUALA LUMPUR (March 6): KKB Engineering Bhd has bagged two contracts worth RM100.7 million which will help boost its earnings for the financial year ending Dec 31, 2018 (FY18).

In a filing with Bursa Malaysia today, KKB said its subsidiary Harum Bidang Sdn Bhd has received a supplementary contract from CMS Infra Trading Sdn Bhd (CMSIT) to supply concrete-lined mild steel pipes and mechanical coupling to JKR Central Unallocated Stores in Tanah Puteh, Kuching.

The expiry date for this supplementary contract is Aug 31, 2018.

"The supply and delivery will be based on issuance of purchase orders by CMSIT on a 'as and when required’ basis," said KKB.

The company has also been awarded a contract to supply LPG cylinders from Boustead Petroleum Marketing Sdn Bhd, with completion within the third quarter of 2017.

"The (two) contracts are expected to contribute positively to the earnings and net assets of KKB Group for FY18," said KKB.

KKB shares closed unchanged at RM1.22 today, with 248,000 shares done, giving it a market capitalisation of RM311.93 million.