Thursday, September 20, 2012

Cresbld ... Sep12

It is targeting to sscure between rm200 million and rm400 million in new contracts by end of 2012.

The company is currently bidding for several contracts which are mainly building jobs and infra jobs mostly in Klang Valley.

Its construction order book currently stands at around rm1 billion.

Its key activity is in construction but it is hoping its property development division will grow in future.

Its main driver for its property development division will be the redevelopment of the Dang Wangi LRT station and the development of the 2.2ha owned by MRB along Jalan Ampang.

The Dang Wangi and Jln Ampang developments have an estimated GDV of rm1.04 billion and rm1.3 billion respectively.

Expects the two projects to start contributing to Crest Builder’s earnings by 2014.

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