Haily wins RM78.2m construction contract to build landed properties in Johor
With the latest new job win, which is its largest contract to date, Haily’s total outstanding orderbook has increased to RM660.77 million.
With the latest new job win, which is its largest contract to date, Haily’s total outstanding orderbook has increased to RM660.77 million.
The three-year contract was awarded by Mercu Majuniaga Sdn Bhd.
Quarterly revenue rose 24% to RM58.31 million, from RM47 million in 2QFY2022.
... amid a lack of progress in the project arising from Covid-19 pandemic uncertainties and initiatives to review and update SCIB’s order books.
The new deadline for the piling and engineering group to submit its regularisation plan to the Securities Commission Malaysia or Bursa Securities has been extended to June 29, 2023.
SSB had been appointed as a subcontractor for the work packages, which were part of a 100 megawatt alternating current large scale solar photovoltaic plant project in Kerian, Perak.
Under the turnkey construction agreement signed with property developer Danau Lumayan Sdn Bhd, the project is split into two phases.
Net profit jumped to RM8.53 million for 2QFY2023 from RM3.76 million a year ago, despite a 27% drop in revenue to RM76.88 million from RM105.55 million.
Lagenda said the acquisition is part of the group’s land banking strategies, targeting strategic locations nationwide to expand its affordable property development footprint and market presence.
This is the third contract award secured by Muhibbah in the last three months.