Friday, December 30, 2011

Cypark rises on Jempol landfill upgrade contract

KUALA LUMPUR (Dec 30): CypARK RESOURCES BHD [] shares rose on Friday after the company secured a contract worth RM14.71 million to upgrade the landfill site at Jempol in Negeri Sembilan.

At 9.10am, Cypark added four sen to RM1.45 with 43,500 shares done.

The company said on Thursday that it received the letter of acceptance for the contract dated Dec 23 from the National Solid Waste Management Department (NSMWD).

Cypark said the completion date of the project was Nov 6, 2012, which was 44 weeks from the date of site possession of Jan 4, 2012.

It said the contract, among others, involved works for the closure of one part of the landfill and the upgrading of the other part of the landfill into a sanitary cell.

Cypark said the contract was expected to contribute positively to its earnings for the financial year ending Oct 31, 2012.

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