PETALING JAYA: TSR Capital Bhd has secured a RM158mil construction contract from Perbadanan Kemajuan Negeri Selangor.

The company said in a Bursa filing that its unit, TSR Bina Sdn Bhd, had accepted the letter of award for the construction and completion of building works in Selangor.

The contract will run for about three years and is scheduled for completion by the first quarter of 2029.

TSR Capital said barring unforeseen circumstances, the contract is expected to contribute positively to the group’s earnings and net assets for the financial years ending June 30, 2027, 2028 and 2029.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.