Bina Puri gets Kuching Fishery Complex job worth RM247.84 million

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KUCHING: Construction firm Bina Puri Holdings Bhd (Bina Puri) announced that its wholly-owned subsidiary Bina Puri Construction Sdn Bhd has entered into a contract agreement with Blessed Builders Sdn Bhd and Pangkalan Ikan Central Sdn Bhd (PIC) for the planning, designing and building of the Fishery Complex in Kuching.

Bina Puri in a filing to Bursa Malaysia yesterday said the contract value of the work is estimated at RM247.84 million.

The company said the commencement date of the project will take effect after the financial year ended between PIC and their financier has been determined. Bina Puri added the duration of the project shall be 36 months.

With the latest contract award, the group observed that its construction unbilled orderbook stands at RM1.93 billion. Additionally, the company believed that it has the ability to further secure more projects in 2014.

In the meantime,Bina Puri noted that the latest contract award is not expected to have any material effect on the net assets and earnings of Bina Puri group for the financial year ending Dec 31, 2014.