AWC bags RM19.9 mil data centre job from Gamuda

• The scope of work includes the construction and completion of cold water, rainwater harvesting, water reticulation, fire hydrant, foul water, and sewerage services for the data centre.

KUALA LUMPUR (Sept 3): Facilities and waste management services company AWC Bhd (KL:AWC) has received a letter of award worth RM19.9 million sub-contract from Gamuda Engineering Sdn Bhd for construction works related to a data centre project in Rawang, Gombak.

The sub-contract was awarded to AWC’s wholly owned subsidiary, Qudotech Sdn Bhd, the group’s filing with Bursa Malaysia showed. The scope of work includes the construction and completion of cold water, rainwater harvesting, water reticulation, fire hydrant, foul water, and sewerage services for the data centre.

The sub-contract commenced on Sept 2, 2024, and is expected to be completed by Nov 18, 2025, AWC said in the filing.

“The sub-contract works are in the ordinary course of business for Qudotech. The potential risks involved in these subcontract works are considered normal operational risks and are the same with any other works of such nature undertaken,” AWC added.

AWC expects the sub-contract to contribute positively to the group’s earnings throughout the duration of the project.

For the financial year ended June 30, 2024 (FY2024), AWC’s net profit climbed nine times to RM19.72 million from RM2.13 million a year earlier, on the back of a 6% increase in revenue to RM398.83 million compared to RM378.99 million previously.

The group attributed the strong profit growth to its successful and complete turnaround, strategic focus on operational efficiency and cost management.

Shares in AWC closed one sen or 1% higher at RM1.06, giving the company a market capitalisation of RM352.68 million.

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