Epicon shares drop over 38%, receives UMA query
By Izzul Ikram
Earlier this month, Epicon’s wholly owned unit Transnational Builder Sdn Bhd bagged a RM50 million sub-construction contract for structural reinforced concrete works for a high-rise residential development in Mukim Batu, Kuala Lumpur.
For the first quarter ended March 31, 2024 (1QFY2024), Epicon’s net profit doubled to RM3.57 million from RM1.75 million a year earlier, mainly due to more construction projects and improved construction progress.
Quarterly revenue surged 163.92% to RM56.21 million, versus RM21.3 million previously.
Source: theedgemalaysia.com
https://theedgemalaysia.com/node/713452
