PJBumi gets RM18m building refurbishment project

PJBumi gets RM18m building refurbishment project
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KUALA LUMPUR (Feb 7): PJBumi Bhd’s unit, PJBumi Construction Sdn Bhd, has bagged an RM18.7 million contract to refurbish 84 units of residential and commercial buildings as well as infrastructure in Chenor, Pahang.

The contract was awarded by Salam Properties Sdn Bhd, the engineering and construction services group said in a filing today.

It said the tenure of the contract is for a period of 36 months from the date of site possession.

"Barring any unforeseen circumstances, the board is of the opinion that the contract will contribute positively to the earnings per share and the future earnings of PJBumi Group," its filing read.

PJBumi shares last settled on Feb 3 at 11 sen, for a market capitalisation of RM5.5 million. In the past 12 months, the stock's share price has retreated over 50%.