Business News

Monday, 7 August 2017 | MYT 1:15 PM

Palette Multimedia announces new sales contract

KUALA LUMPUR: ACE Market-listed Palette Multimedia Bhd announced in a filing with Bursa Malaysia that the company has entered into a another sales contract with Trade House Atlantis Ltd.

According to the terms of the contract, a hardware platform valued at US$450,000 is due to be delivered latest by Jan 15, 2018.

According to the filing, "The contract is expected to contribute positively to the net assets per share and earnings per share of Palette and its subsidiary for the financial year ending 31 May 2018".

In July, information technology company Palette announced that its financial year ended May 31, 2017, recorded revenue of RM5.71 mil with a loss of RM954,000. Due to a change in its financial year-end from Dec 31 to May 31, the results for the previous financial year were not presented.

At midday, Palette was up 1 sen or 13% to 8.5 sen on volume of 9.66 million shares.
 

Tags / Keywords: Corporate News

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