Bina Puri lands RM303m job in Iraq

TheEdge Tue, Jul 16, 2019 11:27am - 4 years View Original


KUALA LUMPUR: Bina Puri Holdings Bhd has secured a contract worth RM303 million in Iraq.

Bina Puri said, in a filing with Bursa Malaysia yesterday, its unit Bina Puri Sdn Bhd accepted the letter of award for the contract, dated June 11, from Thi Qar Governate, Republic of Iraq in respect of the proposed dual- lane road from Al-Islah junction to Al-Jabayish in Nasirya City.

It said the 36-month contract will increase its order book to RM1.56 billion, adding that the new job should contribute positively to its earnings for the financial year ending June 30, 2020.

Bina Puri shares went up two sen or 11.43% to 19.5 sen yesterday, with a market value of RM74.34 million.

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