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Jati Tinggi bags RM32mil cable laying contract

The Star·07/29/2025 23:00:00
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PETALING JAYA: Jati Tinggi Group Bhd has accepted a letter of award (LOA) from Pintar Gembira Sdn Bhd to perform sub-contract works to lay 11 kilovolts of underground cables for asset development in Selangor worth RM31.58mil.

In a filing with Bursa Malaysia, the electrical installation service company said the scope of works would include the installation, testing and commissioning of cables and accessories.

“The contract period is 20 months from the commencement date, which shall be determined later.”

Jati Tinggi said the LOA is expected to contribute positively to the future earnings, earnings per share and net assets per share of the company over the duration of the contract. “The LOA will not have any effect on the share capital and the shareholdings of the substantial shareholders of the company.”

Jati Tinggi saw its net profit for the first quarter ended Feb 28, 2025 fall to RM819,000 from RM7.24mil a year ago on the back of a lower revenue of RM24.95mil versus RM29.01mil.