Friday, March 11, 2011

AZRB up on RM145.38m highway job

KUALA LUMPUR: AHMAD ZAKI RESOURCES BHD []'s shares advanced in early trade on Friday, March 11 after its unit Ahmad Zaki Sdn Bhd'' secured a contract worth RM145.38 million to complete the remaining works of the Phase 2 of the East Coast highway project in Terengganu.

At 9.30am, AZRB was up 4.5 sen to 89.5 sen with 2.62 million shares done.

The contract was awarded by the Public Works Department and the project is to be completed on Aug 26, 2012.

AZRB said the contract was expected to contribute positively to its earnings for the financial years ending 2011 to 2012.

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