The company said in a stock market filing that with the new contracts it has an orderbook of about MYR1.2bn with deliveries stretching out to 2014.
“This will further underpin the group’s growth momentum as well as earnings visibility for the next one to two years,” executive chairman Ng Chin Heng said.
The contracts are expected to contribute positively to Coastal’s earnings per share and net assets per share for the financial years ending 31 December 2013 and 2014.
