Wednesday, August 17, 2011

Bina Puri edges up on swelling book order

KUALA LUMPUR: BINA PURI HOLDINGS BHD []'s shares rose on Wednesday, Aug 17 following its ''unbuilt book order swelling to RM2.78 billion after the company landed a RM470.34 million contract for tourist recreational and commercial development project in Sabah.

At 9.15am, Bina Puri added six sen to RM1.18 with 88,400 shares traded.

The latest job secured by its unit Bina Puri CONSTRUCTION [] Bhd takes the company's new projects secured to date in 2011 to RM970 million.

In a statement Tuesday, Aug 16, Bina Puri said its unit had accepted the letter of award from Syarikat Kapasi Sdn Bhd for the KK Times Square (Phase 2) project consisting a tourist arcade, 631 units serviced apartments and a 5-storey carpark.

It said the duration of the construction period was 26 months.

Bina Puri said the contract was expected to contribute positively to its earnings for the financial year ending Dec 31, 2011

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