KUALA LUMPUR (Sept 30): Mitrajaya Holdings Bhd (KL:MITRA), which closed at a seven-year high on Tuesday, announced after market close that its contract with the Malaysian unit of Australia’s NEXTDC Ltd has increased from a sum of RM375.5 million to RM801.8 million due to variation orders.
The company’s share price hit a seven-year high of 38.5 sen a share before paring some gains to close 1.33% higher at 38 sen. This values the company at RM276.8 million. Year to date, the stock is up 10.14%. Some 813,200 shares changed hands on Tuesday.
The contract initially awarded to wholly owned unit Pembinaan Mitrajaya Sdn Bhd in January has been varied to include the construction of data centre main works in Kuala Lumpur for Phase 2 of Stage 1, Stage 2, and Phase 1 of Stage 3 for RM426.3 million, a bourse filing showed.
The amended contract is expected to be completed by April 2026.
NEXTDC announced in 2023 that it plans to develop a data centre facility in Kuala Lumpur. The company said that it will invest RM3 billion in the country over five to 20 years.
For the six-month period ended June 30, 2025, Mitrajaya reported an almost 22-fold increase in net profit to RM25.69 million, on an almost threefold jump in revenue to RM296.65 million driven by the strong performance of its construction division.