This article first appeared in The Edge Financial Daily, on May 11, 2016.

KUALA LUMPUR: Datasonic Group Bhd has been awarded a RM260.4 million contract to supply MyKad materials to the government.

The group told Bursa Malaysia that its wholly-owned subsidiary, Datasonic Technologies Sdn Bhd, had received and accepted the letter of award from the home ministry yesterday for the supply of 12 million units each of MyKad raw cards and MyKad consumables, to the National Registration Department.

The contract is for three years and six months, commencing from July 1 this year until Dec 31, 2019.

The contract is expected to contribute positively to its earnings and net assets per share for the financial year ending March 31, 2017 and the financial years thereafter, it said.

Datasonic closed five sen or 4.03% higher at RM1.29 yesterday. The counter saw 4.01 million shares traded, with a market capitalisation of RM1.73 billion.