WAH Seong Corp Bhd can expect an additional boost to its bottom line from the RM398.6mil pipe-coating contract that was awarded to oil and gas subsidiary PPSC Industrial Holdings Sdn Bhd (PPSCI) through wholly-owned PPSC (HK) Ltd last week, analysts said.
This view was echoed by PPSCI chief executive officer Giancarlo Maccagno, who said the new contract should contribute “substantially” to the Wah Seong group's financial performance.
Already a subscriber? Log in.
Subscribe to win RM50 Touch 'n Go e-Voucher! More Info
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!