Sunday 28 Apr 2024
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KUALA LUMPUR (March 6): Piling and foundation specialist Econpile Holdings Bhd has bagged a contract worth RM65.5 million to undertake road upgrade works for a project in the Cameron Highlands, Pahang.  

In a filing to Bursa Malaysia on Wednesday, Econpile said its wholly owned subsidiary Econpile (M) Sdn Bhd has accepted the letter of award from Ahmad Zaki Resources Bhd and that the project is to be completed within 33 months commencing from Jan 2, 2024.  

“The project is expected to contribute positively to the revenue and earnings of the company from the financial year ending June 30, 2024, onwards,” the group added.

Econpile shares finished up 1.5 sen or 4.29% to 36.5 sen on Wednesday, giving the group a market capitalisation of RM517.39 million. The counter has risen 17.74% since the beginning of the year.
 

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