Pintaras Jaya clinches RM142m piling contracts in Singapore

KUALA LUMPUR (Aug 17): Piling and foundation specialist Pintaras Jaya Bhd has bagged three new piling contracts worth approximately RM142 million (S$45.5 million) in Singapore.

The contracts, which were awarded to its indirect wholly-owned subsidiary Pintary Foundations Pte Ltd, will commence between September and November this year, with contract periods varying from nine to 15 months.  

The new jobs are expected to contribute positively to the group’s earnings for the financial year ending June 31, 2022 (FY22), Pintaras Jaya said in an exchange filing.

Just two months ago on June 3, the group announced it had secured four piling contracts worth approximately RM108 million (S$34.5 million), also in Singapore.

Shares of Pintaras Jaya ended eight sen or 3.16% lower at RM2.45, translating into a market capitalisation of RM406.37 million.

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