♦ Another new contract. HSL has been awarded by Sarawak Timber
Industry Development Corporation a RM47.1m contract for the construction
of a new road linking Serdeng Junction, Bandar Baru Tanjung Manis, Halal
Park and Kampung Rajang in Mukah Division, Sarawak. Assuming an EBIT
margin of 12-15%, the contract will fetch a total EBIT of RM5.7-7.1m over
the construction period of 24 months commencing Aug 2010. The latest
contract has boosted HSL’s YTD new jobs secured to RM262m (see Table 2)
and outstanding construction orderbook to RM1.14bn.
\Hock Seng Lee Berhad : Secures A RM47.1m Road Job In Sarawak - 23/08/2010
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