Sunway Construction Group Bhd has secured RM1.04 billion worth of orders to provide mechanical, electrical and plumbing fit-out works for two projects awarded by a multinational technology company based in the United States.
The works are scheduled to commence immediately and be completed by March 2028, Sunway Construction said in a bourse filing, adding that the letter of award received on Friday also serves as the notice to commence works.
The identity of the client was not disclosed, nor was the exact location of the projects, leaving some details of the contracts undisclosed for now.
The latest award raises Sunway Construction’s new order wins for the financial year ending March 31, 2027 (FY2027) to RM6.85 billion, reflecting continued strong demand for the company’s construction and engineering services.
The builder reported a 56.4% year-on-year jump in its first-quarter net profit, despite lower revenue, as it executed higher-margin, specialised projects, combined with a rebound in its precast concrete segment. Net profit for the quarter ended March 31, 2026 (1QFY2026) rose to RM118.41 million, up from RM75.72 million in 1QFY2025, underscoring the company’s ability to improve profitability even amid softer top-line performance.
Shares of Sunway Construction closed 25 sen, or 3.07%, lower at RM7.90 on Friday. Despite the day’s decline, the stock remains up 38.84% for the year, giving the company a market capitalisation of RM10.5 billion.
