Kerjaya Prospek Group Bhd, a renowned construction firm, anticipates an enhancement in its net profit margins in the forthcoming quarters, buoyed by a reduction in tax rates and the potential reversal of provisions allocated for construction delays. At an earnings briefing, Datuk Tee Eng Ho, the Chairman of Kerjaya Prospek, pointed out that the company's net profit margin stood at 7.3% in the fourth...
EcoFirst Consolidated Bhd has announced its intention to contest a RM20 million lawsuit filed against its wholly-owned subsidiary, BCM Holdings Bhd, by Kerjaya Prospek (M) Sdn Bhd (KPM), a unit of Kerjaya Prospek Group Bhd. The lawsuit arises from the withdrawal of a RM404.35 million contract that had been awarded to Kerjaya Prospek for the construction of a residential development in Kuala Lumpur by BCM...
Kerjaya Prospek Group Bhd's multimillion-ringgit contract to construct a residential building for BCM Holdings Sdn Bhd, a subsidiary of EcoFirst Consolidated Bhd, has been canceled, resulting in significant implications for both parties. In a recent announcement to Bursa Malaysia, Kerjaya Prospek revealed that it had not yet initiated any work on the project. The termination of the contract has prompted...
Kerjaya Prospek Group Bhd continues to aim for a new contract win target of RM1.2 billion for 2023, having already secured RM533.4 million in new projects this year. Out of the RM533.4 million, RM135.4 million is allocated for the development of BBCC Development in Bukit Bintang, Kuala Lumpur, where Kerjaya Prospek plans to erect a 21-storey structure. The remaining RM398 million is designated for the...
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