Thursday 15 March 2012

Eversendai expects new projects to account for 25% of revenue

KUALA LUMPUR (March 15): Eversendai Corporation Bhd expects to see a 25% contribution to its revenue from new project ventures in five years.

"All the new ventures will be related to our core business, but nothing is finalised yet," said group executive chairman and group managing director, Datuk A.K. Nathan at an analyst briefing on Thursday.

One of the new ventures Eversendai is looking at is the fabrication portion of the oil and gas industry.

As of Feb 29, the group said it had secured new contracts worth RM467 million.



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