31 May 2013
KUB Malaysia Bhd is not one of the contractors causing the delay to the opening of the new low-cost carrier terminal in Sepang (klia2), which has been delayed for the fifth time, said its group managing director Datuk Wan Mohd Nor Wan Ahmad.
"We are one of the contractors of klia2 and I am glad to advice you that we are on target. No need to worry about our performance. I am happy that Malaysia Airports Holdings Bhd (MAHB) has given all the support to meet the target," he told reporters after a signing ceremony between KUB and Datacom Systems (Asia) Sdn Bhd here yesterday.
KUB’s subsidiary KUB Builders Sdn Bhd is responsible for the construction of the 3.96km third runway, parallel taxiways connecting taxiways and other associated works at klia2. It won the RM268.8 million contract from MAHB.
Wan Mohd Nor said the group has managed to meet its target, with 80% of its project completed to date.
On its A&W business in Thailand, he said the company has lined up a buyer for the business there, but did not elaborate.
On A&W Malaysia, Wan Mohd Nor said the company has closed 26 outlets which were not profitable, leaving it with 21 outlets in the country.
"A&W Malaysia has potential to grow with the right service, product and ambience. It has shown progress," he added.
KUB has held licences for A&W in Thailand and Malaysia since 2002.
Meanwhile, Wan Mohd Nor said KUB is targeting between 12% and 15% contribution from its information and communications technology (ICT) segment to revenue for the financial year ending Dec 31 2013 from 11% achieved in 2012.
Currently, Wan Mohd Nor said the ICT segment has an order book worth RM50 million.
The group posted a net loss of RM10.1 million on revenue of RM222.2 million for the financial year ended Dec 31, 2012.