Econpile gets RM18m piling contract for Pavilion Damansara project
KUALA LUMPUR (Sept 20): Econpile Holdings Bhd has secured an RM18 million contract for the Pavilion Damansara Heights Phase 2 mixed development project.
In a filing today, the group said its wholly-owned unit Econpile (M) Sdn Bhd was awarded the contract to undertake contiguous bored pile works by Jendela Mayang Sdn Bhd.
The contract is for 27 weeks and expected to be completed in April 2018.
Econpile said the contract is expected to contribute positively to its earnings for the financial year ending June 30, 2018.
Econpile shares closed down six sen or 1.98% at RM2.97, giving a market capitalisation of RM1.57 billion. — theedgemarkets.com
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