♦ Another new contract. HSL has been awarded by Sarawak Timber
Industry Development Corporation a RM83.3m contract for infrastructure
works for the palm oil industrial cluster project in Tanjung Manis, Sarawak.
Assuming an EBIT margin of 12-15%, the contract will fetch a total EBIT of
RM10.0-12.5m over the construction period ending Oct 2012. The latest
contract has boosted HSL’s YTD new jobs secured to RM345m (see Table 2)
and outstanding construction orderbook to RM1.22bn.
Hock Seng Lee Berhad : Secures RM83.3m Infrastructure Works For Palm Oil Industrial Cluster In Sarawak - 15...
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