KUALA LUMPUR (March 7): Steel pipes manufacturer KKB Engineering Bhd rose 3.28% in thin trade this morning after it bagged two contracts worth RM100.7 million which will help boost its earnings for the financial year ending Dec 31, 2018 (FY18). At 9.01am, KKB rose 4 sen to RM1.26 with 27,900 shares done. In a filing with Bursa Malaysia today, KKB said its subsidiary Harum Bidang Sdn Bhd has received a supplementary contract from CMS Infra Trading Sdn Bhd (CMSIT) to supply concrete-lined mild steel pipes and mechanical coupling to JKR Central Unallocated Stores in Tanah Puteh, Kuching. 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.

Source: The Edge Markets March 07, 2017 01:22 UTC