KUALA LUMPUR, Dec 30 — Cypark Resources Bhd’s net profit increased to RM75.42 million in the financial year ended October 31, 2021 versus RM70.69 million a year ago.
“The demand for renewable energy is expected to continue to grow at a healthy rate. The government`s determination to achieve its 20 per cent RE target by 2025 is expected to further drive the local RE market. “Cypark is currently offering its proven expertise in solar project development to the recently announced winners of the LSS4 tenders. The company targets to secure some jobs from the estimated RM3 billion to RM4 billion worth of engineering, procurement, construction and commissioning works,” it said in the filing today.
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