Nestcon wins RM25 mil earthworks contract for Senai Airport City project

• In tandem with the third phase of Senai Airport City’s industrial development expansion measuring some 300 acres, NISB has been appointed as the contractor for earthworks to provide investors with industrial plots ready with platform and corresponding infrastructure.

KUALA LUMPUR (Jan 7): Nestcon Bhd’s (KL:NESTCON) wholly owned subsidiary Nestcon Infra Sdn Bhd (NISB) has secured a RM25.01 million contract for earthworks and erosion control in Johor’s Senai Airport City.

In tandem with the third phase of Senai Airport City’s industrial development expansion measuring some 300 acres, NISB has been appointed as the contractor for earthworks to provide investors with industrial plots ready with platform and corresponding infrastructure.

The project will commence on Jan 13, 2025, and is expected to complete by July 12, 2026, and includes a 12-month defect liability period after completion, it said.

Nestcon expects the contract to contribute positively to its net assets per share, earnings per share, and gearing during this duration.

Shares of Nestcon fell half a sen, or 1.2%, to 41.5 sen at the market close on Tuesday, giving it a market capitalisation of RM296.6 million. The stock has gained 10.6% since Jan 2, 2024.

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