KUALA LUMPUR (Jan 17): Mitrajaya Holdings Bhd  said it has secured a RM375.5 million contract for the construction of a data centre in Kuala Lumpur.

The construction group said the contract was awarded by NextDC Sdn Bhd, the Malaysian unit of Australia’s data centre operator NextDC Ltd.

The contract, awarded to its wholly owned subsidiary Pembinaan Mitrajaya Sdn Bhd, is expected to contribute positively to the group’s earnings and net assets for the financial years ending Dec 31, 2025 and 2026, said Mitrajaya in a filing with Bursa Malaysia on Friday.

“The board of directors of Mitrajaya is of the opinion that the acceptance of the contract is in the best interest of the company,” it added.

NextDC first announced its entry into the Malaysian market in 2023 with a plan to develop a data centre facility in Kuala Lumpur. The company had said that it will invest RM3 billion in the country over the next five to 20 years.

For the nine-month period ended Sept 30, 2024, Mitrajaya reported a net profit of RM3.83 million, a sharp decline from RM16.57 million in the same period last year. Revenue fell 12% to RM217.08 million from RM248.6 million, largely due to a one-off transaction recorded in the first quarter of the financial year.

Shares in Mitrajaya closed unchanged at 32 sen on Friday, giving the group a market capitalisation of RM248.37 million.

Source: EdgeProp, January 20, 2025