Serba Dinamik shares up 1.4% on new contract
PETALING JAYA: Serba Dinamik Holdings Bhd's share price rose 1.4% or 5 sen this morning, after it bagged a US$66.2 million (RM268.8 million) engineering, procurement, construction and commissioning contract from Laos-based Nam Taep 1, 2, 3 Hydropower Co Ltd.
At 11.41am, the stock stood at RM3.61 with 1.71 million shares changing hands.
Yesterday, the group said the contract involves the design, supply, construction, commissioning and completion of 3 x 5MW Nam Taep 1 and 3 x 5MW Nam Taep 2 hydropower energy generating facilities at Ban Nam Taep and Ban Nameuang, Xam Tai District in Houaphan Province of Laos.
It said the contract is expected to contribute positively to the group's earnings for the financial years ending Dec 31, 2019 to Dec 31, 2022.