Censof unit bags RM7.93mil IT maintenance contract from Medac

KUALA LUMPUR: Censof Holdings Bhd's wholly-subsidiary Century Software (M) Sdn Bhd has secured a RM7.93mil contract from the Ministry of Entrepreneur Development and Cooperatives for the maintenance of hardware and software for the Business Licensing Electronic Support System.

It said in a filing with Bursa Malaysia the project is for a duration of 36 months from Nov 15, 2022, to Nov 14, 2025 with no option for extension or renewal upon expiry.

"The Board of Directors is of the view that the Project is in the best interest of the Company and is expected to contribute positively to the earnings and net assets per share of the Company for the financial years ending 31 March 2023 onwards," it said.