<div class=newsTextDataWrapInner>KUALA LUMPUR (Sept 25): Econpile Holdings Bhd announced that its wholly-owned subsidiary, Econpile (M) Sdn Bhd, has received a letter of award from Cipta Klasik (M) Sdn Bhd for a contract sum of approximately RM35.4 million. 
 
The contract comprises earthworks, bored piling, contiguous bored pile and basement substructure works for a service apartment project at Lot 218 and Lot 256, Seksyen 63, Lorong Stonor, Kuala Lumpur. 
 
“The contract is expected to contribute positively to the revenue and earnings of Econpile for the financial years ending June 30, 2015 and 2016,” said the group in a filing with Bursa Malaysia. 
 
The contract is expected to commence on Oct 07, with duration of 15 months. 
 
For the full financial year ended June 30, 2014, Econpile reported a net profit of RM31.02 million on revenue of RM418.69 million. 
 
The stock closed 1 sen or 0.92% lower today at RM1.08, giving it a market capitalisation of RM577.8 million. Econpile was listed in June, with an initial public offering price of 54 sen.</div>

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KUALA LUMPUR (Sept 25): Econpile Holdings Bhd announced that its wholly-owned subsidiary, Econpile (M) Sdn Bhd, has received a letter of award from Cipta Klasik (M) Sdn Bhd for a contract sum of approximately RM35.4 million.

The contract comprises earthworks, bored piling, contiguo...

Econpile secures piling contract worth RM35.4 mil

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More to come
...

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