KKB bags RM15m steel pole supply job from Sarawak Energy

Posted on 21 April 2020

KKB Engineering Bhd has bagged a contract worth RM15 million from Sarawak Energy Bhd for the supply and delivery of steel poles.

The contract duration is for one year, the company said in a filing yesterday.

“The above contract is expected to contribute positively to the earnings and net asset of the KKB group for the financial year ending Dec 31, 2020,” it said.

KKB Engineering has gained over 28% over the course of last month after falling to RM1.32 on March 23 — its lowest year to date.

The stock settled 13 sen or 8.28% higher yesterday at RM1.70 yesterday, giving it a market capitalisation of RM438.25 million. 

Source : The Edge