Pasukhas bags RM20m steam coal sales contract

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KUALA LUMPUR (Sep 12): Pasukhas Group Bhd has secured a contract to sell one vessel of steam coal in South Kalimantan, Indonesia for US$4.93 million (RM20.44 million).

The group said its wholly-owned subsidiary Pasukhas Products Sdn Bhd signed the contract with a Singapore company, which it did not name.

The contract is expected to contribute positively to its future earnings and net assets for the year ending Dec 31, 2018, Pasukhas said in a filing with Bursa Malaysia today,.

Pasukhas’ share price gained 0.5 sen or 4.76% to 11 sen today, giving the group a market capitalisation of RM89.27 million.