The company said in a statement to Bursa Malaysia that it had been impacted by lower work progress from the MRT Line 2 project following a revision of contract in Nov 2018, and from the Langat Sewerage project.saw its financial performance deteriorating with net profit for the fourth quarter ended Dec 31,2019 falling to RM68.09mil from RM119.72mil in the same quarter a year ago.
Performance in the topline for the latest fourth quarter also fell to RM1.10bil from RM1.56bil in the period a year ago. The company said in a statement to Bursa Malaysia that it had been impacted by lower work progress from the MRT Line 2 project following a revision of contract in Nov 2018, and from the Langat Sewerage project.
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