Protasco rises 1.25% after landing RM300.5m job in Putrajaya

Protasco rises 1.25% after landing RM300.5m job in Putrajaya
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KUALA LUMPUR (Dec 2): Protasco Bhd's share price rose 1.25% at mid-morning today after it secured a project worth RM300.5 million to build homes for civil servants in Putrajaya.

At 10.10am, Protasco rose 2 sen to RM1.62 with 1.75 million shares traded.

Protasco yesterday said it had secured a contract worth RM300.5 million from the government to build 1,100 houses in Putrajaya under the 1Malaysia Civil Servants Housing Programme.

In a filing today, the company said its unit Protasco Development Sdn Bhd had received a letter of award from Perbadanan Putrajaya for the contract.

It expects the project to contribute positively to its future earnings.

(Note: The Edge Research's fundamental score reflects a company's profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)