KUALA LUMPUR (March 24): Datasonic Group Bhd has received a RM22.5 million contract to design, print, supply and deliver various security documents to the National Registration Department (NRD).

The contract from the Home Ministry was awarded to Datasonic’s wholly-owned subsidiary Datasonic Technologies Sdn Bhd for a period of 36 months from May 1, according to its bourse filing on Thursday (March 24).

The RM22.5 million contract marks the second contract Datasonic has obtained in 2022, with the first being a RM50.12 million contract to supply the NRD with MyKad, MyTentera and MyPOCA raw cards and consumables announced on Feb 17.

Datasonic is required to pay a performance bond of RM374,937.26 to the ministry with a validity period commencing from May 1, 2022 to April 30, 2026 as well as implement the Professional Training & Education for Growing Entrepreneurs (PROTÉGÉ) programme as set by the government based on the contract sum, with a minimum number of nine participants.

The group said the contract is expected to contribute positively towards its future earnings and net assets per share for the financial year ending March 31, 2023 and the subsequent financial years throughout the duration of the contract.

Datasonic’s shares were unchanged at 46 sen on Thursday, giving the group a market capitalisation of RM1.36 billion.