AWC unit wins RM113m hospital service job

This article first appeared in The Edge Financial Daily, on August 21, 2019.
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KUALA LUMPUR: Engineering services group AWC Bhd has bagged a RM113 million job to provide hospital support services for the National Cancer Institute.

Under the terms of the three-year contract, the scope of works to be undertaken by AWC will be to provide all engineering, cleaning, healthcare waste, linen and laundry management services for the cancer institute in Putrajaya, the company said in a filling with the local bourse.

The contract, which will start from Sept 1, 2019 and last until Aug 31, 2022, was secured by AWC’s wholly-owned unit Ambang Wira Sdn Bhd from the ministry of health.

AWC expects the new job to contribute positively to its earnings over the duration of the contract.

The group’s shares rose six sen or 9.23% to settle at 71 sen yesterday, with a market capitalisation of RM208.11 million. Over the past 12 months, the stock has retreated 12.81%.