Its chief executive officer Mohamed Razeek Hussain said the bids, for its construction division, are for jobs in the Iskandar region in Johor, Sabah, Kuantan and in Gombak, Kuala Lumpur.
Razeek, who was speaking to reporters following the company's annual general meeting in Kuala Lumpur yesterday, expects a decision on the award within the next three months.
"We have been shortlisted and we stand a good chance (to win) for a hospital project in Sabah," he said, declining to reveal the amount.
On participation in the 1,214ha land project in Sungai Buloh which is being developed by MRCB's controlling shareholder the Employees Provident Fund (EPF) and the government, Razeek said that no tender have been called yet.
Similarly, he said that no tender had been called for the RM7 billion extension of the light rail transit line in the Klang Valley. MRCB Engineering has been prequalified as main contractors for facilities work and subcontractor for fabrication and delivery of segmental box girder.
In the current financial year ending December 31 2010, MRCB expects to cross the RM1 billion revenue mark and make a significant improvement in its profitability this year, as all business segments grow.
In 2009, it made RM921.61 million in revenue and a net profit of RM37.48 million.
Its current construction order book stands at RM3 billion while its prized KL Sentral development project is expected to last until 2016.
"Most of our projects are ending in 2011 and 2012," he said.
One such project where it will enjoy recurring income is the 8.1km RM1 billion Eastern Dispersal Link (EDL) that will link the Sultan Iskandar Customs, Immigration and Quarantine (CIQ) to the PLUS highway. The link will be ready in September 2011 and toll collection will start in 2012.
The Duta-Ulu Kelang Expressway (DUKE) will start to contribute positively in the next three to four years.
By Business Times
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