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Kelington Group expects better financial year for 2016

PETALING JAYA: Kelington Group Bhd expects a better financial year for 2016 on the back of its strong outstanding orderbook of RM250 million.

Its group chairman/chief executive officer Ir Raymond Gan Hung Keng said 40 per cent of the projects secured came from the high technology projects while another 60 per cent came from the general industry sector.

Moving into 2016, Gan said the company plans to grow its services based industry, besides its core business of engineering, and expand its geographical footprint globally.

Gan said that last year, the company has successfully penetrated into the Philippines and Indonesia after it clinched a total of RM35 million worth of contracts from both countries.

"The group remains committed towards identifying new expansion opportunities that would enable us to achieve financial growth and grow shareholder value," he said.

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