Thursday 28 Mar 2024
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KUALA LUMPUR (Dec 18): Alam Maritim Resources Bhd shares rose as much as 8.33% in active trade this morning after it bagged a contract worth RM6.58 million for the provision of an anchor handling tug vessel from Petronas Carigali Sdn Bhd — who will charter Alam Maritim’s Taha Assafa vessel for 125 days, with a 30-day extension option.

At 9.05am, Alam Maritim was up 4.17% or 0.5 sen to 12.5, for a market capitalisation of RM127.99 million. The stock had earlier risen to a high of 13 sen.

The contract took effect on Oct 3. The contract is expected to positively contribute to earnings for the financial year ending Dec 31, 2019 (FY19) and FY20.

 

 

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