- The group will also undertake the construction of 148 linked houses and accompanying ancillary structures, with an anticipated completion date of April 1, 2025.
KUALA LUMPUR (Oct 3): Kimlun Corporation Bhd has secured two contracts totalling RM140.22 million from Eco World Development Group Bhd relating to the construction of a service apartment and a series of linked houses in Johor.
In a bourse filing on Monday, the engineering and construction services provider said the contract was awarded to its wholly owned subsidiary Kimlun Sdn Bhd.
The scope of work includes the design and construction of a serviced apartment block and amenities, with an expected completion date of April 1, 2026.
The group will also undertake the construction of 148 linked houses and accompanying ancillary structures, with an anticipated completion date of April 1, 2025.
“The projects are expected to contribute positively to the earnings and net assets of Kimlun Group for the financial years during the contract period,” it added.
Kimlun’s net profit fell to a mere RM100,000 for the second quarter ended June 30, 2023 (2QFY2023), from RM 8.86 million a year earlier, amid the rising cost of raw materials, higher energy costs and commodity prices, and shortage of workers.
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