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Wednesday, July 23, 2014

Ahmad Zaki bagged RM185.15m construction and upgrading job (Edge)

Builder Ahmad Zaki Resources Bhd (AZRB) has bagged a construction and upgrading works contract worth RM185.14 million.

In a filing with Bursa Malaysia today, AZRB said its wholly-owned subsidiary, Ahmad Zaki Sdn Bhd, received the letter of award from Putrajaya Resources Sdn Bhd.

“The contract is expected to contribute positively to the group’s earnings and net tangible assets from the financial year ending Dec 31, 2014 onwards,” it added.

The project is for a contractual period of 28 months and AZRB is to construct two blocks of office buildings, retails spaces, a three-level basement parking, access road on Plots Z1, Z2, Z3 and Z4, and complete the external works on Plots Z1 and Z2.

In addition, the group will undertake the upgrading works to Jalan Alamanda with associated infrastructure and landscaping works at Precinct 1, Putrajaya.

The group's share price went down 0.5 sen or 0.7% to 69.5 sen at the close of market today, with 591,500 shares traded.

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