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Thursday, December 16, 2010

Bina Goodyear eyes 2 more contracts

Property and construction firm, Bina Goodyear Bhd, aims to secure two more new contracts and seek property development investment opportunities.

Its managing director, Wong Chick Wai, said currently, the group's outstanding construction contracts stood at over RM400 million.

"We are hoping to secure the projects from both government and private sectors," he told reporters after the company's annual general meeting here today.

In the past six months, he said, Bina Goodyear has secured two contracts valued at over RM160 million. Wong said the implementation of Economic Transformation Programme would boost the construction sector.

"The prospect of the sector is good and the company will continue to actively tender for local construction projects," he said.

For the financial year ended June 30, 2010, Bina Goodyear's pre-tax loss was reduced to RM8.95 million from RM24.03 million in the same period of 2009.

Its revenue, however, rose by 1.5 per cent to RM338.684 million from RM333.764 million previously.

By Bernama

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