KUALA LUMPUR (July 15): Bina Puri Holdings Bhd has secured a contract worth RM303 million in Iraq.
In a filing to Bursa Malaysia today, Bina Puri said its unit Bina Puri Sdn Bhd had accepted a letter of award dated June 11, 2019 from Thi Qar Governate, Republic of Iraq, in respect of the proposed Dual Lane Road from Al-Islah Junction to Al-Jabayish at Nasirya City.
It said the contract was for a period of 36 months from date of commencement.
Bina Puri said with the latest contract, its project book order will increase to RM1.56 billion.
The group said the contract is expected to contribute positively to its earnings for the financial year ending June 30, 2020.
At the midday break today, shares of Bina Puri were unchanged at 17.5 sen for a market capitalisation of RM66.86 million.