Damansara Realty's Singapore unit bags S$18m car park management deal

PETALING JAYA: Damansara Realty Bhd's Singapore unit Metro Parking (Singapore) Pte Ltd's bid for a S$18.14 million (RM56.6 million) job to operate and
manage car parks at the Singapore Sports Council’s Sport Centres has been accepted.

The five-year contract will run from Sept 1, 2017 and is expected to contribute positively to the group which plans to turn around operationally in the financial year ending Dec 31, 2017. The company registered an operational loss of RM26.86 million last year.

Damansara Realty closed four sen higher at 58 sen yesterday, for a market capitalisation of RM179.43 million.