Willowglen share price rises 5.56% on new job

PETALING JAYA: Willowglen MSC Bhd's share price rose 5.56% this morning, after its subsidiary Willowglen Services Pte Ltd bagged a RM5.16 million contract from Samsung C&T Corp for the lump sum subcontract for BIMS & Marshalling panel design.

At 10.41am, the stock stood at RM1.14 with 511,000 shares changing hands. The group has a market capitalisation of RM274.9 million.

Yesterday, Willowglen MSC said the contract was awarded on Monday, with commencement on Oct 6 and will be completed by March 31, 2018.

The group expects the contract to contribute positively to its earnings and net assets per share for the financial years ending Dec 31, 2017 and 2018.