KUALA LUMPUR (Nov 11): Newly listed KTI Landmark Bhd (KL:KTI) said it has won a sub-contract under the Armed Forces Family Housing (RKAT) construction project at the Labuan Air Base, worth RM49.99 million.
In a bourse filing, KTI said the sub-contract was awarded to Jawat Johan Sdn Bhd, and its tenure is 14 months, starting from Nov 25.
This marks the second award received by KTI as the industrialised building system specialist sub-contractor for the RKAT project.
With this new award, KTI said the total contract sum secured by the company for the year 2024 stands at RM214.37 million.
The previous award was for the RKAT Kem Lok Kawi project and was awarded by Jawala Corporation in February 2024.
KTI said the new sub-contract is expected to contribute positively to its revenue and earnings during the contract period.
Shares of KTI closed unchanged at 31 sen on Monday, giving the company a market capitalisation of RM248 million. The stock has risen 3.3% from its listing price of 30 sen on June 19.
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Source: EdgeProp.my
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