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Protasco bags RM299mil Kedah contract

admin2022-09-0518

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“Under the agreement, HCM Engineering shall share 70% of the profit from the project,” it said in a filing with Bursa Malaysia. It will contribute positively to group earnings.

KUALA LUMPUR: Protasco Bhd’s wholly owned subsidiary, HCM Engineering Sdn Bhd, has bagged a road upgrading contract in Kedah from KI Engineering Sdn Bhd valued at RM299.2mil.

Protasco said this is following a memorandum of agreement entered between HCM Engineering and KI Engineering to regulate the relationship with each other and set out their respective rights, duties and obligation in order to execute the contract.

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“Under the agreement, HCM Engineering shall share 70% of the profit from the project,” it said in a filing with Bursa Malaysia. It will contribute positively to group earnings. — Bernama


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  • 2022-09-05 00:00:30

    KUALA LUMPUR: UOA Development Bhd's net profit fell by 16.6 per cent to RM45.30 million in the second quarter ended June 30, 2022 from RM54.35 million recorded last year, mainly due to lower sales from the existing projects.接下来发生啥呢