With the new wins, Kitacon’s outstanding order book has increased to RM1.4 billion.
KUALA LUMPUR (Dec 12): Kumpulan Kitacon Bhd (KL:KITACON) said on Thursday it had secured two building works contracts worth a total of RM203.9 million.
One of the contracts involves the construction of 237 landed houses and ancillaries for RM143 million at the Gamuda Gardens project developed by Gamuda Bhd (KL:GAMUDA), Kitacon said in an exchange filing. The contract will start from Jan 2, 2025, and be completed within 18 months.
The other contract would see Kitacon building 218 landed houses and ancillaries in Cyberjaya for the Selangor State Development Corporation (PKNS) for RM60.9 million. Works will begin on Jan 20, 2025, with the contract expected to be completed within 104 weeks.
With the new wins, Kitacon’s outstanding order book has increased to RM1.4 billion.
Shares of Kitacon paused for Thursday’s midday trading break unchanged at 73 sen, giving it a market capitalisation of RM356 million. Year to date, the stock has gained 12.3%.
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Source: EdgeProp.my
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