Kerjaya Prospek boosts order book to RM4.2bil after bagging RM33.2mil Penang job

KUALA LUMPUR: Kerjaya Prospek Group Bhd's wholly owned subsidiary Kerjaya Prospek (M) Sdn Bhd has accepted a letter of award to undertake the substructure development works of a proposed service apartment project in Andaman Island, Penang RM33.2 million.

The contract was awarded by Persada Mentari Sdn Bhd, an indirect subsidiary company of Eastern & Oriental Bhd.

The project entails the execution and completion of piling works, construction of a basement, associated site works and earthworks of a 49-storey service apartment.

The company said the works are expected to be completed within a year from the commencement date of June 17.

"Kerjaya's immediate objective is to fast-track progress of its outstanding jobs which are at its tail-end, in order to allocate resources to the new projects efficiently.

"As it stands, we have achieved approximately 27 per cent of our targeted order book replenishment for the year, bringing our order book value up to RM4.2 billion which will continue to sustain robust earnings visibility within the next three years," said chief executive officer and executive director Tee Eng Tiong.

At 3pm, Kerjaya Prospek's share price was unchanged at RM1.79 with a market capitalisation of RM2.27 billion.

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