KUALA LUMPUR: Bina Puri Holdings Bhd, confident of its future growth, says it is bullish to end the current financial year on a firm note despite sentiment being impacted by the delay in handing over the Kuala Lumpur International Airport 2 (klia2) project.
Group executive director Mat-thew Tee said the delay did not give any negative implication on the company, even considering it as “unsolicited publicity” to raise Bina Puri’s name.
He said the company was proud of its klia2 project as everybody worked hard to complete it within the timeframe, be it Bina Puri or other parties.
“It’s a difficult job with a lot of complexities, different client requirements and soil conditions.
“But whatever it is, we managed to finish the job. We never abandon any project.
“No matter how difficult, we have never been sacked half way and replaced by another contractor,” he said.
Tee praised Malaysia Airports Holdings Bhd for the way it handled the “bad publicity” on project cost escalations.
“Sometimes date changes for reasons, cost changes for reasons and they can be justified and explained. They don’t have to be scandalous,” he said.
He said the company aims to record at least 20 per cent upside in pre-tax profit for its current financial year, with construction division being the biggest contributor to the company’s bottom line.
Tee said the company is also working hard to diversify into areas which will bring in more profit, especially property and power.
“This year will see higher turnover with a lot of property projects to be launched, which could contribute to higher margin.”
He said the company is ready for the real property gains tax as well as the Goods and Services Tax, which will start next year.
Tee said the RM1.1 billion Ampang light rail transit extension project, undertaken by the company, is currently over 60 per cent complete.
The project is on track for delivery in 2016.
It has also been reported that Bina Puri is the front-runner, alongside Mudajaya Group Bhd, in bidding for the proposed RM2 billion 19.9km Kinrara-Damansara Expressway. Bernama