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Meta Bright Group Bhd (MBGB), via its 70%-owned subsidiary TTOP Industrial & Engineering Sdn Bhd, has accepted a purchase order issued by Company A for Package 5: engineering, procurement, construction and commissioning (EPCC) works in Negri Sembilan worth RM18.2mil
Good to see order book getting added leh. RM18.2m is not small, but need remember this is EPCC, so revenue doesn’t equal profit. Material costs, manpower and project execution expenses can eat into the margin