KUALA LUMPUR (March 16): Microlink Solutions Bhd’s unit has secured a five-year contract worth RM17.79 million from the Public Sector Home Financing Board (LPPSA) for the provision of maintenance and support services to the statutory body’s loan management system.

The contract is subject to a formal agreement to be entered into between Microlink’s wholly owned subsidiary Microlink Systems Sdn Bhd and LPPSA, the group said in a filing with Bursa Malaysia on Thursday (March 16).

Microlink, which transferred its listing from the ACE Market to the Main Market last month, is a technology solutions provider and system integrator that focuses on financial services, telecommunications and the public sector.

The group, which was founded in 1994, reported a slight increase of 1.9% in net profit for the third quarter ended Dec 31, 2022 to RM7.51 million, from RM7.37 million a year earlier, thanks to higher order fulfilments and progress billings, particularly in the provision of business and technical services for financial institutions.

Quarterly revenue grew 20% to RM73.17 million from RM61.04 million.

For the cumulative nine-month period, the group’s net profit grew 2.3% to RM21.5 million from RM21.02 million in the previous corresponding period, while revenue climbed 10% to RM183.03 million from RM165.96 million.

Shares of Microlink closed one sen or 1.2% higher at 85.5 sen on Thursday, giving the group a market capitalisation of RM916.9 million.