Monday, June 28, 2010

Sunway Holdings (RM1.55) gets RM129m factory contract

KUALA LUMPUR: Sunway Holdings Bhd has secured a RM129 million contract from PML Dairies Sdn Bhd for the proposed construction of a dairy product factory. Sunway said on Monday, June 28 the contract was to build a dairy product factory on Pulau Indah, off Port Klang.

"The proposed project is targeted to be fully completed on July 11, 2011 with a construction period of 12 months," it said. Sunway expected the project to contribute positively to the group's earnings for the financial year ending Dec 31, 2010 onwards.

Source: The Edge

EPS could rise by about 1.6 sen to 2 sen p.a. from this project, assuming 8-10% profit margin.

For more info on Sunway, click here.

No comments:

Post a Comment