Slow payments: Local contractors have been facing slow payments and billings for selected contracts, particularly those with relatively high exposure to government contracts.
PETALING JAYA: Construction companies are expected to see muted earnings in the fourth quarter of financial year 2018, reflecting the impact of the downturn in contracts, especially in the second half of last year.
CIMB Equities Research said based on its channel checks, it gathered that local contractors in general had been facing slow payments and billings for selected contracts, particularly those with relatively high exposure to government contracts.
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