Taghill wins RM166 million contract for George Town development
Exsim Waterfront Sdn Bhd awarded the project, which comprises two towers containing 493 serviced apartment units.
Taghill Holdings Bhd has won a contract worth RM166 million from Exsim Waterfront Sdn Bhd for main building works at a commercial development in George Town, Penang, according to its Bursa Malaysia filing.
The development will have 493 serviced apartment units across two towers. Work under the 24-month contract is scheduled to begin on Jan 18, 2027.
Taghill expects the job to lift earnings and net assets beginning in FY2027, which ends on Nov 30, 2027, and throughout the remaining project period.
The group’s outstanding order book stood at about RM1.75 billion at end-August 2026. It expects those orders to sustain construction activity for the next 18 to 24 months.
Quarterly net profit increased to RM3.29 million for the period ended Aug 31, 2026, compared with RM1.59 million a year earlier. Revenue declined to RM123.35 million against RM210.18 million. For FY2026, a 15-month period, Taghill recorded revenue of RM891.62 million and net profit of RM4.4 million.
Taghill shares finished at seven sen on Oct 29, unchanged, giving the group a market value of RM108.93 million.
