PETALING JAYA: KKB Engineering Bhd has bagged two contracts worth RM29 million.
The group told Bursa Malaysia that it had entered into an agreement with Sinohydro Corp (M) Sdn Bhd for the supply of pipes and fittings. The duration for the contract is about nine months.
KKB has also received an additional purchase order for annual supply and delivery of steel products from Syarikat SESCO Bhd for a period of four months.
It expects the contracts to contribute positively to the group’s earnings and net assets for the financial year ending Dec 1, 2019 and 2020.
At the midday break, KKB’s share price was unchanged at RM1.40 on 1,300 shares done.
