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KUALA LUMPUR: Construction outfit Bina Puri Holdings Bhd announced the securing of two jobs, namely the construction of a RM9 million hospital in Kota Kinabalu, Sabah, and another contract valued at RM5.73 million to build the Stormwater pipeline project in Saudi Arabia.
Collectively, these two jobs are valued at RM14.7 million. With these two new jobs, Bina Puri’s order book swells up to RM2.59 billion, with some RM1.64 billion worth of jobs secured this year.
Bina Puri’s managing director Tan Sri Tee Hock Seng said: “We are extremely pleased with the award of the two projects. It reflects our position as a capable and reliable construction company within the industry.
“Significantly, the Stormwater pipeline project marks our first foray into the kingdom of Saudi Arabia. We hope that this will strengthen our market presence in that region, paving the way for more projects,” he said.
Bina Puri ventured abroad 15 years ago and has a presence in Pakistan, Thailand, Indonesia and Vietnam, among others.
For its six months ended June this year, Bina Puri posted a net profit of RM4.85 million on the back of RM566.13 million in sales. For the corresponding period a year ago, Bina Puri raked in RM2.58 million in net profits over RM321.26 million in sales.
Yesterday, Bina Puri closed at RM1.29, slipping one sen.
This article appeared in The Edge Financial Daily, October 12, 2010.
Collectively, these two jobs are valued at RM14.7 million. With these two new jobs, Bina Puri’s order book swells up to RM2.59 billion, with some RM1.64 billion worth of jobs secured this year.
Bina Puri’s managing director Tan Sri Tee Hock Seng said: “We are extremely pleased with the award of the two projects. It reflects our position as a capable and reliable construction company within the industry.
“Significantly, the Stormwater pipeline project marks our first foray into the kingdom of Saudi Arabia. We hope that this will strengthen our market presence in that region, paving the way for more projects,” he said.
Bina Puri ventured abroad 15 years ago and has a presence in Pakistan, Thailand, Indonesia and Vietnam, among others.
For its six months ended June this year, Bina Puri posted a net profit of RM4.85 million on the back of RM566.13 million in sales. For the corresponding period a year ago, Bina Puri raked in RM2.58 million in net profits over RM321.26 million in sales.
Yesterday, Bina Puri closed at RM1.29, slipping one sen.
This article appeared in The Edge Financial Daily, October 12, 2010.
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