Damansara Realty secures RM5m TM contract renewal


KUALA LUMPUR: Damansara Realty Bhd has secured RM5mil in renewal contracts from Telekom Malaysia Bhd for the provision of integrated facilities management (IFM) services.

The contracts were awarded to Damansara Realty subsidiary TMR Urusharta Sdn Bhd for the comprehensive management of civil, mechanical and electrical services for several Telekom buildings over a one year period.

“Our continued wins in new and renewed contracts are a validation of our commitment and effort towards synergising our offerings in our three core areas of IFM, property development and project management consultancy to serve a stronger proposition to our clients,” said Brian Iskandar Zulkarim, group chief executive officer of Damansara Realty.

Earlier this week, DBhd won an IFM project for an estimated RM27.62mil in a joint venture with Kumpulan Perubatan (Johor) Sdn Bhd for a small medical facility in Petronas’ Pengerang refinery in Johor.

Damansara Realty saw its gross profit surge 78% to RM27.6mil from RM15.5mil a year ago and achieved a net profit of RM2.5mil in the first half of 2017 compared to a net loss of RM9.8mil in the corresponding period in 2016.

“Since the start of our aggressive strategic restructuring plan in late 2016, we have accomplished a commendable turnaround that has been driving our return to profitability, thereby strengthening DBhd’s brand and delivering our shareholders’ expectations,” Brian Iskandar added.

At 3.38pm, Damansara Realty was down three sen or 5.04% to 56.5 sen on the back of 160,000 shares done.



Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


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!
   

Next In Business News

Some big banks ask more staff to return to office five days a week, Bloomberg reports
Betamek adopts cautious approach amid economic uncertainties
Eurospan gets MGO from Datuk Seri Tan Han Chuan
Pecca’s Q3 net profit jumps 64%
Aneka Jaringan bags RM22.5mil subcontract from IJM construction
Gas Malaysia posts higher 1Q net profit of RM102.63mil
TRC Synergy secures RM142.34mil project to 'transform' state legislative building
Ringgit ends lower against US dollar
Sports Toto almost triples net profit to RM68mil 3Q
Silver Ridge's unit bags RM168.83mil Melaka cruise terminal contract

Others Also Read