Mitrajaya wins RM152m construction contract

• The contract involves construction of Phase 2A of Kedah Science and Technology Park in Bukit Kayu Hitam.

KUALA LUMPUR (Aug 9): Construction firm Mitrajaya Holdings Bhd (KL:MITRA) said on Friday it has won a job worth RM151.99 million from the Northern Corridor Implementation Authority.

The contract involves construction of Phase 2A of Kedah Science and Technology Park in Bukit Kayu Hitam, the company said in an exchange filing. The contract was awarded to its wholly owned subsidiary Pembinaan Mitrajaya Sdn Bhd.

The contract spans 24 months and is expected to commence by Aug 20, 2024, Mitrajaya said.

Mitrajaya added that the job is expected to contribute to its earnings and net assets for the financial years ending Dec 31, 2025 and 2026.

At noon closing, Mitrajaya's share price was up one sen or 3.3% to 31 sen, giving it a market capitalisation of RM240.6 million.

Looking to buy a home? Sign up for EdgeProp START and get exclusive rewards and vouchers for ANY home purchase in Malaysia (primary or subsale)!