[color=Blue][b]AZRB/Salcon (+ve Indication Successful Bidding [/b][/color] AZRB is expecting rm700 million to rm750 million in revenue in 2014 driven by its construction division.
Construction projects including MRT, IIUM, PNB hotel and office towel project in KL will contribute to its projected higher revenue.
Currently (March 2014), about 90% of its revenue comes from its construction division, while its oil and gas business contributes 8% to 9%. The rest of its revenue comes from property development and plantation divisions.
The group is also eyeing two projects one of which is the Langat 2 water treatment plant project in Selangor. It is in the consortium … Salcon/MMC Corp/AZRB bidding for the Langat 2.
AZRB has positive indication (17 March 2014) that they have been successful in the bidding but there has been no letter of award from the government.
Other projects AZRB hopes to clinch in 2014 involve the MRT2, the TRX in KL and PNB’s RAPID in Johor.
The job for the construction of the rm1.55 billion EKVE connecting the SILK Highway in Kajang to the Karak Expressway in Gombak is expected to start by third quarter of 2014.
In Feb 2014, AZRB entered into a concession agreement with the government for the design, construction, completion, operation, management and maintenance of the EKVE for a period of 50 years.
On its plantations division, AZRB is looking to expand its total planted area to 10000ha in Indonesia over the next few years from March 2014. It is also planning to build a 90 tone mill in the plantation area.
Fiver years from March 2014, its plantations will be a significant contributor to the group’s revenue.
On capex for 2014, the group has allocated the rm150 million for the construction of EKVE and another rm90 million for the construction of the mill.
Stock: [AZRB]: AHMAD ZAKI RESOURCES BHD
2014-03-18 11:49 | Report Abuse
[color=Blue][b]AZRB/Salcon (+ve Indication Successful Bidding [/b][/color]
AZRB is expecting rm700 million to rm750 million in revenue in 2014 driven by its construction division.
Construction projects including MRT, IIUM, PNB hotel and office towel project in KL will contribute to its projected higher revenue.
Currently (March 2014), about 90% of its revenue comes from its construction division, while its oil and gas business contributes 8% to 9%. The rest of its revenue comes from property development and plantation divisions.
The group is also eyeing two projects one of which is the Langat 2 water treatment plant project in Selangor. It is in the consortium … Salcon/MMC Corp/AZRB bidding for the Langat 2.
AZRB has positive indication (17 March 2014) that they have been successful in the bidding but there has been no letter of award from the government.
Other projects AZRB hopes to clinch in 2014 involve the MRT2, the TRX in KL and PNB’s RAPID in Johor.
The job for the construction of the rm1.55 billion EKVE connecting the SILK Highway in Kajang to the Karak Expressway in Gombak is expected to start by third quarter of 2014.
In Feb 2014, AZRB entered into a concession agreement with the government for the design, construction, completion, operation, management and maintenance of the EKVE for a period of 50 years.
On its plantations division, AZRB is looking to expand its total planted area to 10000ha in Indonesia over the next few years from March 2014. It is also planning to build a 90 tone mill in the plantation area.
Fiver years from March 2014, its plantations will be a significant contributor to the group’s revenue.
On capex for 2014, the group has allocated the rm150 million for the construction of EKVE and another rm90 million for the construction of the mill.