Ikhmas Jaya Group Bhd secures RM173.5 million contract

Ikhmas Jaya Group Bhd secures RM173.5 million contract

KUALA LUMPUR, March 28 — Ikhmas Jaya Group Bhd has secured a RM173.5 million construction contract from Gallimont Development Sdn Bhd through its wholly-owned subsidiary, Ikhmas Jaya Sdn Bhd.

“The contract is to undertake main building works for ‘Cadangan Pembangunan 1 Blok Pangsapuri Servis (364 unit) 49 Tingkat’ and several works related to it,” Ikhmas Jaya said in a filing to Bursa Malaysia here Monday.

It said the contract work was for 40 months and expected to commence on Apr 15, 2016 and to be completed by Aug 15, 2019.

“It is expected to contribute positively to our earnings and net assets for the financial year ending Dec 31, 2016,” it said.

— BERNAMA

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