KUALA LUMPUR (Aug 21): Sunway Construction Group Bhd (KL:SUNCON) has secured RM1.04 billion worth of orders to provide mechanical, electrical and plumbing fit-out works for two projects from a multinational technology company based in the US.

The works are scheduled to commence immediately and be completed by March 2028, Sunway Construction said in a bourse filing, adding the letter of award received on Friday also serves as the notice to commence works.

The identity of the client was not disclosed, nor was the exact location of the projects.

The latest award raises Sunway Construction’s new order wins for the financial year ending March 31, 2027 (FY2027) to RM6.85 billion.

The builder reported a 56.4% year-on-year jump in its first-quarter net profit despite lower revenue, as it executed higher margin, specialised projects, combined with a rebound in its precast concrete segment. Net profit for the quarter ended March 31, 2026 (1QFY2026) rose to RM118.41 million from RM75.72 million in 1QFY2025.

Shares of Sunway Construction closed 25 sen or 3.07% lower at RM7.90 on Friday. The stock is still up 38.84% this year, giving the company a market capitalisation of RM10.5 billion.