Thursday, 5 April 2012

Favelle Favco clinches RM102 million worth of contracts

KUALA LUMPUR (April 5) : Crane builder FAVELLE FAVCO BHD [] has secured five contracts with a combined value of about RM102.1 million.

In a statement to the exchange on Thursday, Favelle Favco said the purchase orders received in March and April this year involve tower and offshore cranes for local and foreign clients. The cranes are due for delivery in 2012 and 2013, according to Favelle Favco.

The company said the jobs are expected to contribute positively to its earnings for the current financial year ending Dec 31, 2012 and beyond.

Favelle Favco shares added one sent to RM1.37 on Thursday.

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