Friday 29 Mar 2024
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KUALA LUMPUR (Nov 16): Salcon Bhd has secured a pipe replacement contract worth RM17.16 million from Pengurusan Air Selangor Sdn Bhd.

In a filing with Bursa Malaysia today, Salcon said its wholly-owned subsidiary Salcon Engineering Bhd accepted the letter of award on Nov 13 from Air Selangor.

Salcon said the 15-month job is due for completion in February 2019.

The group said the project is expected to contribute positively to its earnings for the financial years ending Dec 31 2018 and 2019.

Salcon’s share price fell one sen or 1.98% to 49.5 sen today, giving it a market capitalisation of RM333.45 million.

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