KUALA LUMPUR (Feb 7): LFE Corp Bhd has secured a RM10.97 million contract from Puncakcity Development Sdn Bhd (PDSB) for earthworks and related works.

In a statement on Wednesday, LFE detailed that its wholly owned subsidiary, LFE Engineering Bhd, has been appointed as the contractor for the project.

The contract, effective immediately, is slated for an eight- month duration with a completion date set for Oct 6, 2024

“This contract is projected to enhance LFE Group's earnings and net assets per share for the financial year ending Dec 31, 2024, and continuing until the contract completion,” the firm said.

LFE’s market capitalisation stood at RM210.64 million.