With the recent two new Internet of Things (IoT) system, engineering, procurement, commissioning and management (SEPCM) contract worth RM18 million and RM60.4 million being awarded to ARB Bhd, we believe it will generate higher earnings for ARB.
ARB Bhd, formerly known as Aturmaju Resources Bhd, said it has secured a RM60.43 million contract to carry out Internet of Things (IoT) systems, engineering, procurement, commissioning and management works for a proposed residential development at Shah Alam, Selangor.
ARB Bhd has secured a solar panel project with RM100 million total cash flow via its stake acquisition in project owner, C&M Renewable Energy Technology Sdn Bhd (CMSB). The firm’s wholly-owned subsidiary, ARB Development Sdn Bhd has entered into a sales and purchase agreement to acquire a 51 per cent sake in CMSB for RM5.5 million.
Fresh of its identity change on April 22 this year, ARB Bhd says its record-breaking profit in the first quarter is just a start of its new growth story. ARB, previously known as Aturmaju Resources Bhd, announced last Tuesday a record net profit of RM5.1 million in its first quarter ended 31 March 2019.
ARB Bhd, formerly known as Aturmaju Resources Bhd, is back in the black, with a record quarterly net profit of RM5.08 million for the three months ended March 31, 2019 (1QFY19) compared to a net loss of RM649,000 it posted a year prior.
Aturmaju Resources Bhd's wholly-owned subsidiary ARB Development Sdn Bhd (ARBD) has entered into a Memorendum of Understanding with Perkasa Selalu Sdn Bhd (PSSB) for the development of an Intelligence Modern Lifestyle Project in Selangor.
Aturmaju Resources Bhd (ARB) bounced back into profitability for the financial year ended December 31, 2018 (FY18), after delivering its strongest set of results in a decade.
Theedgemarkets.com highlighted six stocks with momentum at Bursa Malaysia’s afternoon market close today. It showed two with positive momentum and four with negative momentum.