Kerjaya Prospek secures RM282.25m construction jobs from Nusmetro Group

Its job scope for the contract involves supplying concrete cement and metal for the upgrading of the Train Cargo Terminal at Padang Besar, Perlis, Dolphin said in a filing with Bursa Malaysia.

KUALA LUMPUR: Kerjaya Prospek Group Bhd via its unit has secured two contracts worth RM282.25mil from Nusmetro Group for construction works in Mont Kiara and Jalan Cheras, Kuala Lumpur.

In a statement, the group said Kerjaya Prospek (M) Sdn Bhd has secured a RM29.82mil contract for the substructure works of a commercial development comprising a three-storey basement carpark and 51-storey office building in Mont Kiara.

The contract is expected to be completed by Sept 25, 2020.

Meanwhile, the second contract is worth RM252.43mil, involving the construction of the main building of a proposed commercial development in Jalan Cheras, expected to be completed by March 31, 2020.

"Both contracts will increase its current outstanding order book and provide the Group with a steady stream of revenue over the next four years," it said.

The new contracts bring the group's outstanding order book to RM2.86bil. It has secured RM778.15mil of contracts in 2018 thus far.

"We are extremely pleased and would like to thank Nusmetro Group for giving us the opportunity to work with them again. 

"Backed by a huge outstanding order book, we expect this Project to contribute positively to the earnings and net assets per share for the financial years ending 2019 to 2022,” commented Kerjaya Executive Chairman Datuk Tee Eng Ho.