Bina Puri gets Selangor road project

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KUALA LUMPUR (Sept 14): Bina Puri Holdings Bhd will undertake road pavement and diversion works along the Federal Road's Sungai Buloh-Assam Jawa stretch in Selangor, under a RM35.5 million contract.

In a statement to Bursa Malaysia today, construction firm Bina Puri said its subsidiary Sungai Long Industries Sdn Bhd had accepted the project's letter of award from Aktif Unggul Sdn Bhd on Aug 1 this year. 
Today, Bina Puri said: "The works under the contract are expected to be completed within 31 months from the commencement date on 16 December 2017. With the latest award mentioned above, the group’s unbuilt book order stands at RM1.5 billion as at to date."

"The said project is expected to contribute positively to the net assets and earnings of Bina Puri Group for the financial year ending 31 December 2018,"  Bina Puri added.

At 12:30pm, Bina Puri shares settled at 36.5 sen. Its latest-reported net assets per share stood at 87.49 sen.