Published on: Friday, May 07, 2021
By: Bernama
Kuala Lumpur: AmInvestment Bank Bhd remained cautious on the outlook of the local construction sector.
In a research note Thursday, the investment bank said the recent news on the Mass Rapid Transit Line 3 (MRT3) potentially commencing work in the second half of the year aside, the fact remained that the government would have very limited room for fiscal manoeuvre given the elevated national debt.
It added that the government’s fiscal stand was further weighed down by the economic impact of the Covid-19 pandemic, including reduced tax and petroleum revenues as well as the massive relief spending to cushion the economic impact of the pandemic.
PETALING JAYA: Sunway Construction Group Bhd’s (SunCon) net profit for its fourth quarter ended Dec 31,2020, stood at RM30.20mil compared with RM31.64mil in the previous corresponding period, while revenue in the fourth quarter rose to RM627.24mil from RM485.94mil a year earlier.
KUALA LUMPUR: Sunway Construction Bhd posted a net profit of RM30.2mil in the fourth quarter ended Dec 31, 2020, slightly lower than RM31.64mil in the previous corresponding quarter due to a provision made in the construction segment.
Gayatri Projects Shares Gain After Emerging As L1 Bidder For UP Project moneycontrol.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneycontrol.com Daily Mail and Mail on Sunday newspapers.
Gayatri projects has received an amount of Rs 69.41 crore from its contractor Sunway Construction SDN, BDH, as settlement of its various
claims raised by the Company on the contractor.
The Company had executed a contract for rehabilitation and Upgrading of Kms 104 to Kms 170 of NH 25 lo 4 lane in the State of Uttar
pradesh (Contract package No -EW II UP -4) as a sub contract from Sunway Construction SDN, BDH, Sunway has raised a total claim of Rs 80.00 crore on NHAI and out of total amount received, the company s share was settled at Rs 70.78 crore and the net amount received by the