KUALA LUMPUR (March 31): Kerjaya Prospek Group Bhd has bagged a contract worth RM31.6 million to develop 32 three-storey terrace houses in Penang, the company announced today.

Kerjaya Prospek's subsidiary Kerjaya Prospek (M) Sdn Bhd received today the letter of award from Bina BMK Sdn Bhd for the project — located in Bandar Tanjung Pinang (Phase 1), north-east of the island.

The group said works will commence on March 22, and is due to be completed by Sept 21 next year. The project will contribute to the company's books for its financial year ending 2017 (FY2017) and FY2018, it added.

Shares of Kerjaya Prospek closed 1.13% or 3 sen lower today at RM2.62, giving it a market capitalisation of RM1.34 billion. — theedgemarkets.com

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