Thursday, July 28, 2011

Ingress rises on securing RM388m contracts

KUALA LUMPUR: INGRESS CORPORATION BHD [] shares rose on Thursday, July 28 after the company said it had secured contracts worth some RM388 million.

At 10.40am, Ingress rose 16.5 sen to RM1.02 with 5.13 million shares.

It said on July 27 that the contracts, secured by the group's Power Engineering & Projects division, was expected to contribute to a better performance anticipated by the group for its current financial year ending Jan 31, 2012.

Other divisions that will contribute to the expected better performance include the group's automotive business, it said.

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