RM125mil Talisman Malaysia contract to contribute further to group earnings and net assets
KUCHING: Dayang Enterprise Holdings Bhd's (DEHB) wholly-owned subsidiary Dayang Enterprise Sdn Bhd has secured a RM125mil contract for provision of topside general maintenance from Talisman Malaysia Ltd.
The contract is for three years, with option of an extension for two years of one year each. "The contract is expected to contribute positively to the earnings and net assets of DEHB group for financial year ending Dec 31, 2012 and subsequently, financial periods within the duration of the contract," the company said in an announcement to Bursa Malaysia yesterday.
This was the second contract obtained by DEHB this year.
Last month, another wholly-owned subsidiary DESB Marine Services Sdn Bhd was given a RM85mil contract extension for time charter of a work-boat to Brunei Shell Petroleum Co.
The contract would be from March 1 this year to Oct 31, 2016.
The DEHB group has in hand an additional RM1.5bil worth of contracts, the single biggest being the RM802mil contract awarded last year by Petronas Carigali Sdn Bhd for the topside structural maintenance services in Sarawak, Sabah and Peninsular Malaysia.