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KUALA LUMPUR: Southern Cable Group Bhd's wholly-owned subsidiary Southern Cable Sdn Bhd has received a contract worth RM83.2mil from Sarawak Energy Bhd to provide power cables and conductors.

It said in a statement the contract entails Southern Cable supplying and delivering cables and conductors to Sarawak Energy’s Distribution Network Division for a period of 18 months starting from November 2022.

Managing director Tun Eng Hai said the contract signifies its client's confidence in its manufacturing capabilities.




"We are optimistic of our prospects in Sarawak, not just because we have made inroads into the state, but also due to the vast opportunities as the government plans to invest more than RM100bil in infrastructure and development," he added.

According to Southern Cable, East Malaysia contributed 11% or RM43.5mil of the group's total revenue of RM399.7mil, up from RM25.5mil in the same period last year.

It said the increase in contribution was owing to higher orders from the construction and utility sectors.

The group's current orders in hand amount to RM752.9mil, which is expected to improve its earnings for the financial years ending Dec 31, 2022, to 2024.


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