Kitacon secures RM134.8mil building contract from Tropicana Alam


KUALA LUMPUR: Kumpulan Kitacon Bhd has via its wholly-owned subsidiary Kitacon Sdn Bhd accepted a job from Tropicana Alam Sdn Bhd for buildings works worth a sum of RM134.8mil.

In a statement, the builder said the construction job includes the completion of 399 double-storey terrace houses measuring 20x70ft, 32 double-storey terrace houses measuring 22x70ft and three Tenaga Nasional substations (double chamber) in Ijok, in Kuala Selangor, Selangor.

The contract will commence on April 18, 2024, and will be completed within 22 months.

"The contract is expected to contribute positively to the earnings and net assets per share of Kumpulan Kitacon Berhad for the financial years ending 31 December 2024 onwards until the expiry of the contract," said Kitacon.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Kitacon , Tropicana Alam , construction

Next In Business News

Ringgit closes higher against greenback on cautious market sentiment
T7 Global subsidiary appointed panel contractor for PETRONAS
YTL inks RM200mil naming rights deal with Aviva for Bristol arena
KL High Court dismisses appeals of former Jalatama officers
Well Chip posts FY25 net profit jump to RM86.15mil
Angkasa targets 2026 revenue to reach up to RM75bil
Aeon Credit issues RM100mil five-year senior sukuk
Late bargain-hunting lifts Bursa Malaysia to end higher
Net foreign inflows into Malaysian bonds reach RM951.9mil in January - RAM Ratings
Wawasan Dengkil's 2Q net profit falls due to revision of project costs

Others Also Read