Gadang Holdings Bhd is beefing up its construction activities and eyeing several contracts under the Economic Transformation Programme (ETP) including hospital projects to improve earnings.
Managing director and chief executive officer Tan Sri Kok Onn said the company is bidding for contracts worth about RM1.5 billion.
"We are interested in working on hospital projects. We want to build on our expertise and hopefully, do similar projects overseas," he told Business Times in an interview recently.
Just this week, GESB won a RM411 million contract from the Public Works Department to complete the abandoned 300-bed Shah Alam Hospital.
Meanwhile, among the contracts Gadang is bidding for is the Sungai Buloh-Kajang line of the Mass Rapid Transit project.
Kok Onn said GESB had been pre-qualified in all of the three open categories for the MRT.
He said Gadang will tender for several works, including elevated civil works and elevated stations with five packages each, and construction of a depot.
For the year ended May 31 2011, Gadang posted revenues of RM348 million and a net loss of RM4.2 million. The loss was mainly due to non-recurring write-off of bad debt, amounting to RM9.45 million in the engineering division.
Gadang's profitability was also stifled by costlier building materials.
Read more: Gadang beefs up ops http://www.btimes.com.my/Current_News/BTIMES/articles/GADANG13/Article/index_html#ixzz1aokfw4Ee
Managing director and chief executive officer Tan Sri Kok Onn said the company is bidding for contracts worth about RM1.5 billion.
"We are interested in working on hospital projects. We want to build on our expertise and hopefully, do similar projects overseas," he told Business Times in an interview recently.
Just this week, GESB won a RM411 million contract from the Public Works Department to complete the abandoned 300-bed Shah Alam Hospital.
Meanwhile, among the contracts Gadang is bidding for is the Sungai Buloh-Kajang line of the Mass Rapid Transit project.
Kok Onn said GESB had been pre-qualified in all of the three open categories for the MRT.
He said Gadang will tender for several works, including elevated civil works and elevated stations with five packages each, and construction of a depot.
For the year ended May 31 2011, Gadang posted revenues of RM348 million and a net loss of RM4.2 million. The loss was mainly due to non-recurring write-off of bad debt, amounting to RM9.45 million in the engineering division.
Gadang's profitability was also stifled by costlier building materials.
Read more: Gadang beefs up ops http://www.btimes.com.my/Current_News/BTIMES/articles/GADANG13/Article/index_html#ixzz1aokfw4Ee
No comments:
Post a Comment