Econpile has announced that it had received a Letter of Award from Ahmad Zaki Resources Berhad to undertake road upgrade works for a project in Cameron Highlands for a total contract sum of RM65.5 million.
According to a filing, the group said the project is to be completed within 33 months from 2 January 2024 and noted that it will contribute positively to the revenue and earnings of the Company from the financial year ending 30 June 2024 onwards.
The group does not see any foreseeable significant risks other than operational risk associated with the Project during the contract period.
