KUALA LUMPUR: Bintai Kinden Corp Bhd has bagged a mechanical and electrical (M&E) works contract in Singapore valued at RM42.39 million. 

In a filing with Bursa Malaysia yesterday, the loss-making M&E and engineering specialist said its 69.82%-owned subsidiary Bintai Kindenko Pte Ltd received a letter of intent from Sunray Woodcraft Construction Pte Ltd.

The company is tasked to undertake the subcontract works for the M&E works to the proposed additions and alterations of Compass Point, comprising works from basement one to roof storey at Sengkang Square.

The duration of the project is from Oct 9, 2015 to May 8, 2016, and is expected to contribute positively to its earnings for the financial year ending March 31, 2016.

Bintai Kinden saw its net loss narrow to RM3.69 million in its first financial quarter ended June 30, 2015 from RM4.76 million a year ago. Revenue grew 30.7% to RM86.87 million from RM66.46 million. 

In April, its managing director Ong Choon Lui said the group was set to turn profitable with the RM1.2 billion M&E projects the company was tendering.

This article first appeared in digitaledge Daily, on September 4, 2015.