PETALING JAYA: Econpile Holdings Bhd has been awarded a RM209.3mil contract for basement and sub-structure works at the Pavilion Damansara Heights parcel two mixed-development at Jalan Damanlela, Kuala Lumpur.
In a filing with Bursa Malaysia yesterday, Econpile said its wholly owned subsidiary, Econpile (M) Sdn Bhd (EMSB), had on Feb 11, received a letter of award from Domain Resources Sdn Bhd. The duration of the contract is 20 months.
“The contract is the mainstream business of EMSB and is expected to contribute positively to the revenue and earnings of Econpile for the financial year ending June 30,” the company said.
Econpile closed unchanged at 48 sen, with 11.77 million shares changing hands yesterday.