KUALA LUMPUR: UZMA BHD [] will see trading interest with strong upside on Thursday, March 3 after its subsidiary, Uzma Engineering Sdn Bhd was awarded a RM200 million contract by Petroliam Nasional Bhd.
The long term service agreement is to provide a low pressure system (LPS) for its domestic upstream operations.
Uzma said on Wednesday the contact will include supplying its equipment, manpower and consultancy for the LPS units for three years, with effect fromFeb 18 this year to Feb 17, 2014.
It said Petronas has the option to further extend the contract for a further two years.
'The value of the contact is estimated at RM200 million. The contract is expected to contribute positively to the earnings of the company for the financial year ending Dec 31, 2011 and future years,' it said.
The long term service agreement is to provide a low pressure system (LPS) for its domestic upstream operations.
Uzma said on Wednesday the contact will include supplying its equipment, manpower and consultancy for the LPS units for three years, with effect fromFeb 18 this year to Feb 17, 2014.
It said Petronas has the option to further extend the contract for a further two years.
'The value of the contact is estimated at RM200 million. The contract is expected to contribute positively to the earnings of the company for the financial year ending Dec 31, 2011 and future years,' it said.
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