Omesti unit bags RM19.88m network equipment maintenance contract from Federal Court

TheEdge Tue, Nov 24, 2020 08:12pm - 3 years View Original


KUALA LUMPUR (Nov 24): Omesti Bhd’s unit has a bagged a two-year contract to provide network equipment maintenance services for the Federal Court’s eCourts Phase 2 project.

The contract was awarded by the Federal Court Chief Registrar’s Office to the group’s indirect 51%-owned subsidiary Formis Network Services Sdn Bhd is worth RM19.88 million, Omesti said in a filing today.

The contract, which commences on Dec 1, is expected to contribute positively to its revenue, earnings and net assets per share, said Omesti.

Shares of Omesti ended two sen or 4% lower at 48 sen today, for a market capitalisation of RM255.06 million.

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