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KUALA LUMPUR: Construction services company, Tuju Setia Bhd is tendering for RM2.8 billion worth of projects to build high-rise and industrial buildings, as well as hospitals and healthcare facilities.

Despite the higher prices of building materials such as steel and concrete, Tuju Setia’s managing director Wee Eng Kong said there are still many ongoing tenders for the construction of essential buildings such as residential properties, hospitals and healthcare facilities.

"Our expertise is in constructing high-rise buildings, especially those in the range of affordable to premium residential and commercial buildings strategically located in areas to fulfil strong demand,” he said in a statement today.

Tuju Setia’s RM1.5 billion current order book includes the recent wins of RM257.0 million Jernih Residence (Kajang) and the RM311.7 million Sunway d’hill Residence (Petaling Jaya).

Other ongoing projects are the Mutiara Central Office Suites (Cheras), Riana Dutamas - Phase 2 (Segambut), Lakefront Condominiums at Emerald Hills (Cheras), TUAI Residence (Setia Alam),The Pulse Residence (Puchong), 121 Residence (Petaling Jaya), One Equine (Seri Kembangan), and the Kajang Women and Children Hospital.

Meanwhile, the company’s shareholders had approved a final dividend of 0.5 sen per share in respect of its financial year 2021 (FY2021) performance, to be paid on July 20.

Together with the first interim dividend of 0.5 sen paid on Jan 20, the total dividend payout in respect of FY2021 amount to RM3.2 million or 39.0 per cent of FY2021’s net profit, exceeding Tuju Setia’s dividend policy to distribute 25 per cent of its annual net profit.

"Going forward, Tuju Setia will work towards sustaining business operations and manage its finances prudently during this commodity supercycle period.

"We hope to keep construction activities at peak levels and actively participate in tenders to secure new projects," Wee added. - Bernama


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