Fajarbaru Builder Group Bhd (FBG) has received a RM105.9 million contract from Temasya Growth Co Sdn Bhd.
Its wholly-owned subsidiary, Fajarbaru Builder Sdn Bhd, accepted a letter of award from Temasya Growth for the constructing and associated infrastructure works of the Temasya Prisma growth.
The contract is ready to contribute positively to the group’s earnings and web belongings ranging from the monetary yr ended June 30, 2024.
The 40-month contract, commencing on July 17, 2023 and scheduled for completion on November 16, 2026, pertains to the development of an 18-storey serviced residence and retail complicated at Temasya Glenmarie, Shah Alam.
FBG has expressed their confidence within the contract, deeming it to be in the very best curiosity of the group. It anticipates beneficial monetary impacts ensuing from the mission, together with a rise in earnings and web belongings.
FBG’s share slid 1 sen or 3.51% at 27.5 sen at this time, valuing the corporate at RM205 million. –TMR