Loh & Loh expects to do better this year

By Sharen Kaur
Published in NST on May 5 2010
 
LOH & Loh Corp Bhd, controlled by UBG Bhd, hopes to do better in the current financial year ending December 31 2010 in view of new projects in hand.

The major jobs it has secured over the past 18 months are RM142 million worth of infrastructure works in Medini in Johor's Iskandar Malaysia and a RM273 million job in the Seremban-Gemas double-tracking railway project.

"We are a healthy company. We should continue to do well this year. Our property development is building up and we expect higher contribution from the division," its chief executive officer Jason Loh said.

Its new projects are Idaman Hills in Selayang, comprising 38 semi-detached homes and 142 bungalows, and The Peak, a high-end residential project in Bandar Sri Damansara, worth more than RM300 million.
Last year the company posted a net profit of RM27.5 million, 16 per cent more than in 2008.

Loh & Loh was set up in 1965 as a civil construction company by the late P. K. Loh.

The company's first contract was for earthworks for a housing project in Bangsar, Kuala Lumpur, for RM6 million.

The company grew quickly and over the past 45 years has built 15 dams, 48 water treatment plants and over 50 water intakes and pumping stations.

It has also constructed and installed over 250km of large diameter pipelines, and built sewerage plants, river gates, reservoirs, buildings, roads, bridges and golf courses.

-ENDS-