KUALA LUMPUR: Progressive Impact Corp Bhd
’s (PICorp) rose over 11% in early trade Wednesday after the company secured a RM8.46mil sewerage treatment plant contract.
The counter added 11.11%, or one sen to 10 sen with over two million shares traded. It is currently trading at a PE ratio of 32.20 times.
PICorp has clinched a RM8.46mil contract to construct a sewerage treatment plant in Port of Tanjung Pelepas.
PICorp said its wholly-owned subsidiary Alam Sekitar Malaysia Sdn Bhd (ASMA) signed the eight-month contract today with Pelabuhan Tanjung Pelepas Sdn Bhd (PTP), which is 70%- owned by MMC Corp Bhd.
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