KUALA LUMPUR (March 6): KKB Engineering Bhd has bagged two contracts worth RM100.7 million which will help boost its earnings for the financial year ending Dec 31, 2018 (FY18). The expiry date for this supplementary contract is Aug 31, 2018. The company has also been awarded a contract to supply LPG cylinders from Boustead Petroleum Marketing Sdn Bhd, with completion within the third quarter of 2017. "The (two) contracts are expected to contribute positively to the earnings and net assets of KKB Group for FY18," said KKB. KKB shares closed unchanged at RM1.22 today, with 248,000 shares done, giving it a market capitalisation of RM311.93 million.

Source: The Edge Markets March 06, 2017 11:26 UTC