SunCon's 4Q net profit falls nearly 30% y-o-y on lower contribution from construction segment
Revenue for the construction segment rose 22.
Revenue for the construction segment rose 22.
The group's wholly-owned unit, Sunway Construction Sdn Bhd, received the letter of award from Gopeng Bhd's subsidiary GBS Suria Sdn Bhd, said SunCon in a bourse filing.
The agreement sets out the framework for negotiations and discussions between the parties to establish the detailed terms and conditions about the contractor's performance in design, engineering, procurement, manufacture, supply, construction, erection, testing and commissioning of the electric generation facility.
Looking ahead, SunCon foresees its precast segment will contribute more to the group's financials in the near future with the integrated construction and prefabrication hub plant targeted to be commissioned by December this year.
The construction job is in respect of the main building works for the proposed development of two blocks of residential condominiums, which consist of a podium, car park, common facilities and swimming pool, located in Bukit Jalil, said SunCon.
According to HLIB, SunCon hopes to increase its existing RM4.
SunCon group managing director Liew Kok Wing said barring any unforeseen circumstances, the group is cautiously optimistic about registering positive growth in FY22, supported by a strong existing outstanding order book.
KUALA LUMPUR (May 26): Sunway Construction Group Bhd’s (SunCon) net profit for the first quarter ended March 31, 2022 (1QFY22) jumped 70.
KUALA LUMPUR (March 25): Sunway Construction Group Bhd (SunCon) has appointed Liew Kok Wing as group managing director (MD) beginning April 1.
KUALA LUMPUR (Feb 24): Sunway Construction Group Bhd's (SunCon) net profit for the fourth quarter ended Dec 31, 2021 (4QFY21) more than doubled to RM64.