Privasia unit awarded RM2.05 mil contract for Lumut Port Management Information System

-A +A

KUALA LUMPUR (Nov 15): Privasia Technology Bhd’s subsidiary Privasia Sdn Bhd has been awarded a contract for the supply, delivery, implementation, testing and commissioning of a Port Management Information System for Lumut Maritime Terminal Sdn Bhd.

In a filing with Bursa Malaysia today, Privasia said it has accepted the letter of award dated Nov 8 from Lumut Maritime for the project, which carries a contract sum of RM2.05 million, inclusive of goods and services tax.

The project is targeted to be completed within 6 to 12 months from the kick-off date.

Privasia said the project is expected to contribute positively to earnings and net assets per share of the company and the group over the duration of the project.

At 5pm today, Privasia shares closed down 0.5 sen or 3% to 16 sen, for a market capitalisation of RM92 million.