GKent ... Jul11

George Kent (Malaysia) Bhd, an engineering group, is confident of winning the Ampang-Line Light Railway Transit (LRT)'s extension mega infrastructure project worth RM1.5 billion.

Prasarana Bhd is expected to announce the winner of the Ampang LRT extension project by September 2011.

George Kent is also said to be one of the bidders for the RM5 billion double tracking job from Gemas to Johor Bahru.

The company's bid for the project was strengthened by George Kent's previous experience of handling government contracts and its achievements

The company also produces water meters and the casing for the meters has embarked on a RM50 million plan to upgrade its manufacturing facilities in Puchong, Selangor to accommodate higher sales in the meter and Original Equipment Manufacturing businesses.

George Kent's pre-tax profit for the first quarter ended Apr 30, 2011 jumped to RM4.8 million from RM3.9 million in the same quarter last year. Its revenue, however, slipped to RM30.7 million from RM32.5 million previously.

Meanwhile George is planning to double its net profit every three years on the back of stronger order book for both its water meter manufacturing and construction divisions.