Econpile rises 6.1% on RM20.5m construction job award

PETALING JAYA: Econpile Holdings Bhd's share price soared as much as 6.1% in early trade after it bagged a RM20.5 million construction contract.
At 11am, the stock was up 2.5 sen or 4.4% to 59.5 sen on some 3.15 million shares done.
The 18-month contract is for the piling and substructure works for the development of a 41-storey serviced apartment (Block H) KL Gateway (Phase 2) in Kuala Lumpur.
Econpile expects the contract to contribute positively to its revenue and earnings for the financial year ending June 30, 2019.