First key contract in FY06/11. Fajarbaru has been awarded by the East Coast Economic Region (ECER) Development Council a RM62.4m contract for earth and infrastructure works for Phase 2, Automotive Industrial Park, Pekan-Peramu, Pahang, covering an area of 110 acres. This is the first key contract Fajarbaru has secured so far in FY06/11, boosting its outstanding construction orderbook by 16% from RM397m to RM459m (see Table 2). Assuming an EBIT margin of 10-12%, the contract will fetch RM6.2-7.5m EBIT over the 18-month construction period commencing Oct 2010.
Fajarbaru Builder Group Berhad : Lands RM62.4m Automotive Industrial Park Infrastructure Job-01/10/2010
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