KUALA LUMPUR: Scicom (MSC) Bhd expects its education business to be one of the drivers of the group’s growth for the financial year ending Sept 30, 2015 (FY15), said its group chief executive officer Leo Ariyanayakam.

He believes that the outsourcing service provider’s in-house capability for providing large-scale training programmes will work to its advantage.

“We’ve been focusing on providing vocational training to governments as well as corporates. [This] seems more likely, particularly within emerging markets where governments are looking to us to provide large-scale educational projects to their people,” he told reporters after Scicom’s annual general meeting yesterday.

In a Bursa Malaysia filing yesterday, Scicom said the education division is currently involved in a tendering process of a few major training projects, with “associated revenue expected to materialise in the second half of FY15”.

Earlier, shareholders approved the group’s proposed bonus issue of 59.24 million shares to its shareholders, on the basis of one bonus share for every five shares held. The ex-date for the bonus issue is Nov 27.

Ariyanayakam said the bonus issuance will help boost the group’s liquidity.

This article first appeared in The Edge Financial Daily, on November 18, 2014.