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KUALA LUMPUR (Jan 30): Econpile Holdings Bhd (KL:ECONPILE) has bagged a RM24 million sub-contract job for piling and sub-structure works from Al-Ambia Sdn Bhd.
Econpile said its wholly-owned subsidiary Econpile (M) Sdn Bhd received a letter of award to undertake earthwork, bored piling work, pile cap and reinforced concrete retaining wall for the proposed development of a single block of 18-storey free-cost apartments located in Gombak, Selangor.
The project is expected to contribute positively to the group’s revenue and earnings from the financial year ending June 30, 2026 onwards.
According to AskEdge, Econpile shows trailing twelve-month earnings before interest tax depreciation and amortisation margins of 5.3%, coupled with a 0.6% return on equity.
Over the past one year, shares of Econpile had fallen by 42%, to close at 24.5 sen on Thursday, valuing the group at RM340.61 million.
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