KUALA LUMPUR (Feb 2): Loss-making builder Pasukhas Group Bhd shares rose as much as 25% to 2.5 sen each on Thursday morning (Feb 2), after it announced that its unit Pasukhas Sdn Bhd (PSB) had accepted a RM21 million contract from Attractive Venture (JB) Sdn Bhd.
The counter was the third most actively traded, with 17.61 million shares done as at the time of writing.
On Tuesday, the group in a filing with Bursa announced that it had landed the RM21 million contract to build a production building, warehouse and three-storey office in Kulai, Johor.
The physical construction period is 12 months.
Pasukhas, which has been in the red since 2018, reported a wider net loss of RM15.36 million for the first nine months of 2022, versus RM868,000 for the previous corresponding period.
This was despite revenue growing 16% to RM70.2 million from RM60.32 million.