Comintel wins RM229.8mil construction contract

PETALING JAYA: Comintel Corp Bhd has secured a contract worth RM229.8mil from Builtamont Development Sdn Bhd to develop two apartment blocks in Taman Desa Aman, Kuala Lumpur.

In a filing with Bursa Malaysia, the Practice Note 17 group said the job was secured by its wholly-owned subsidiary, Binastra Builders Sdn Bhd.

“The contract is expected to provide an additional income stream for the group over the next three financial years.

“The contract will have no effect on the issued share capital of the company but it is expected to contribute positively to the earnings and net assets per share of the group for the financial years ending Jan 31, 2024 to 2026.”