Protasco up 1.83% on landing RM174.4 mil infrastructure job
KUALA LUMPUR (June 16): Protasco Bhd shares rose 1.83% at mid-morning today after it secured a RM174.4 million infrastructure works contract from Central Spectrum (M) Sdn Bhd, a subsidiary of Kumpulan Hartanah Selangor Bhd.
At 10.30am, Protasco rose 2 sen to RM1.11 with 1.49 million shares traded.
The deal was sealed via its subsidiary KPS-HCM Sdn Bhd and is for the development of Phase 3C in Pulau Indah Industrial Park, Protasco said.
The group said the works are expected to be completed within 18 months from July 5, 2017 till Jan 5, 2019 and to contribute positively to its earnings for the financial year ending Dec 31, 2017. — theedgemarkets.com
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