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Nikkei Markets

UPDATE: Malaysia's Enra Group Bidding For MYR1 Billion Orders, Aims To Turn Profitable

By Alexander Winifred and Gho Chee Yuan
Nikkei Markets
KUALA LUMPUR (Sep 13) -- Enra Group, a Malaysian property-to-energy-services company, is bidding for upstream oil and gas contracts totalling 1 billion ringgit ($237.90 million) mostly in Thailand, Myanmar and Australia, even as its orders in hand can help sustain profit through the next four years, its chief executive said Wednesday.

The outcome of those bids are expected over the next 24 months and Enra's outstanding orders amount to 250 million ringgit, Mazlin Md Junid said at a news conference in Kuala Lumpur.

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