Bertam bags RM23m water tank maintenance job in Sabah

Bertam bags RM23m water tank maintenance job in Sabah
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KUALA LUMPUR (Aug 12): Bertam Alliance Bhd has bagged a contract worth RM22.9 million for the provision of maintenance and replacement of water tanks services in Sabah.

Its unit Bertam Development Sdn Bhd accepted the letter of award today from Teamcons Resources Sdn Bhd, the Practice Note 17 company said in a filing today.

The contract is to be provided in six locations in Sabah, namely Kota Kinabalu, Kudat, Kota Belud, Sandakan, Lahad Datu and Tawau.

The contract is expected to commence one week from today and be completed on Dec 20, 2021.

It is expected to have a positive contribution to the earnings per share, net assets per share and gearing of the Bertam group, it said.

Shares of Bertam ended five sen or 41.67% higher at 17 sen, for a market capitalisation of RM35.15 million.